Under the present tax laws, a person is taxed on profit from the sale of any immovable asset held as a capital asset, under the head ‘capital gains’. For computing capital gains, the immovable … READ FULL STORY
For housing loan approvals, banks carry out certain due diligence, before sanctioning the same. This process consists of two distinct parts. In the first part, the bank/ housing finance company, will conduct a scrutiny … READ FULL STORY
The year 2017 has begun on a good note for home loan borrowers, with significant cuts in interest rates being announced by most banks. Experts point out that the reduction in the interest rates, … READ FULL STORY
Your credit history and credit score used to play a decisive role in determining whether you would get a home loan or not and it would stop there. You would get a home loan, … READ FULL STORY
The substantial cut of 0.90% by the State Bank of India in its marginal cost of funds-based lending rate (MCLR), has created a lot of interest amongst the general public and borrowers, in particular. … READ FULL STORY
When opting for a home loan, buyers have a choice between three types of schemes – fixed, semi-fixed and floating interest rates. Choosing the correct scheme can be a tricky affair. Various factors can … READ FULL STORY
Often people pick booking under-construction properties over ready houses because of their lower rates. However, they do so without realising the risks involved; both, the income tax and financial implications. This feature deals with … READ FULL STORY
Home buying requires a high level of financial preparedness. In places like Mumbai, Bengaluru, Delhi-NCR and other metro cities, the EMI on home loan is normally very high due to higher property prices. Therefore, … READ FULL STORY
When a buyer opts to purchase a home, s/he may come across various payment plans. Nonetheless, one should check out the pros and cons of each plan, before making a choice. Down payment … READ FULL STORY
Generally, it is observed that people who opt for affordable homes, are also first-time home buyers. Therefore, they need proper guidance and financial support to make the right decision. “Interest rates on home loans … READ FULL STORY
The central government introduced the reverse mortgage scheme in 2008. Under the scheme, senior citizens were provided with a facility to get money, in the form of monthly or lump-sum payments, or a combination … READ FULL STORY
