Regarding the home loan query
Hi, I am planning to take a home loan but the the house registry is in my mother's name. Will I be able to get the tax benefits for this home loan? if not, do I need to register the house for my name to get the tax benefits?
Please suggest.
Replies (2)
Asset needs to be in the samename as the borrower.It can be even jointly with your mother. But if the bank will issue home loan certificate in your name then you can claim no issues as such a detailed enquiry may not be warranted.
Thanks for your response. So if I make myself the co-owner of this house and main owner as my mother. In this situation, can I get the full tax benefits on this home loan?
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