Owning a house is everyone’s dream. One of the most sought after ways to raise finances for a property purchase is the use of home loans. This is because not everyone is comfortable to … READ FULL STORY
When you want to manage your home money better, refinancing your mortgage can be a good choice. This means changing your current loan to get better terms, which can lower your monthly payments or … READ FULL STORY
Buying a house is everyone’s dream. With soaring real estate prices and limited liquidity, most people look out for home loans from banks and non-banking financial companies. This is because, these home loans cover … READ FULL STORY
On purchase of property with home loans, borrowers enjoy a variety of deductions on their income tax liability. These deductions against the tax could be claimed under four sections of the income tax act, … READ FULL STORY
When it comes to financing home improvements or covering expenses, home equity loans can be a smart choice. These loans let you borrow money using the equity you’ve built up in your home, which … READ FULL STORY
If you are planning to buy a house, it is important to have a clear understanding of the home loan process, which is mainly classified into three stages – application, loan sanction and disbursal. … READ FULL STORY
Many financial institutions offer special home loan products catering to women and senior citizens. These loans often come with benefits like lower interest rates and reduced processing fees, making it easier for these groups … READ FULL STORY
Owning a home comes with responsibilities, and one of them is keeping up with mortgage payments. If you miss payments, your lender might start a process called foreclosure to take back the house. This … READ FULL STORY
Refinancing your home loan can be a great way to save money by lowering your interest rate, reducing your monthly payments, and saving some extra funds. While it can really help your finances, there … READ FULL STORY
When applying for a home loan, one of the most important documents you will receive from the lender is the Home Loan Sanction Letter. This letter is a crucial step in the home loan … READ FULL STORY
Home equity loans offer homeowners a way to tap into the value of their property, unlocking funds for big expenses or home improvements. They provide a steady stream of money with fixed interest rates, … READ FULL STORY
This is possibly the best time to purchase a property using housing finance, as banks are currently offering home loans starting at 8.35% annual interest. The repo rate is also at 6.5% for the … READ FULL STORY
When looking at a home loan for a property that’s still being built, it’s important to know how it works. Getting a loan for an under-construction home is different from buying one that’s already … READ FULL STORY
