Only after carrying out a legal and technical verification of the property, will banks approve your home loan application. We examined the impact of this exercise, on the buyer’s home loan application status and amount Financial institutions apply a wide range of risk assessment tools, to gauge a borrower’s credit worthiness. This task is carried out diligently in case of long-term big-ticket mortgages, like home loans, for obvious reasons. Apart from examining the individual credit worthiness of the applicants, banks also apply several checks on the property for sale. Since this is the asset acting as the security against the loan, no stone is left unturned to ensure that the bank is lending money towards a safe property. Thus, banks carry out a legal and technical verification of the property, for which they would grant the loan.