April 15, 2024: Mortgage guarantee company India Mortgage Guarantee Corporation (IMGC) has announced its strategic partnership with public sector bank Bank of India (BOI) to offer mortgage guarantee-backed home loan products, according to an … READ FULL STORY
April 5, 2024: The Reserve Bank of India (RBI) on April 5, 2024, left the repo rate unchanged at 6.50%. This is the 7th time in a row the banking regular has maintained a … READ FULL STORY
The Income Tax Act has divided tax entities into various categories. All individuals are taxed under the category of an ‘Individual’. However, if more than one people come together to own a building, they … READ FULL STORY
Many people dream of owning their own home. Home loans make this dream a reality by allowing us to spread the cost of buying a home over several years. What is meant by the … READ FULL STORY
Real estate projects need several certificates, such as a no objection certificate (NOC), project commencement certificate and completion certificate (CC). One of them is the occupancy certificate or the OC, that is issued by the … READ FULL STORY
Embarking on the journey of homeownership is a significant financial goal for many individuals. While securing a home loan is a common avenue for financing, incorporating a Systematic Investment Plan (SIP) into your financial … READ FULL STORY
Buying a home is one of the biggest financial decisions most people make in their lives. For many, it is a dream come true. However, most people require a home loan to make this … READ FULL STORY
Payment of the home loan before the mortgage period is known as pre-closure of the home loan. You can opt for a home loan pre-closure for many reasons, such as getting lower interest owing … READ FULL STORY
Applying for a home loan helps finance one’s house purchase or construction. Moreover, having a co-applicant reduces the debt burden and has several benefits, such as increased eligibility and improved credit score. However, while … READ FULL STORY
RBI leaves repo rate unchanged for 6th time in a row February 8, 2024: The Reserve Bank of India (RBI) decided to maintain a status quo on the repo rate for the fifth time in … READ FULL STORY
Applying for a loan proves beneficial when fulfilling financial needs does not impact one’s savings. A lender may ask the borrower to present a loan guarantor during the loan approval process. A guarantor’s role … READ FULL STORY
When a homebuyer avails of a home loan, there is an agreement in place between him and the money lender, citing terms and conditions regarding the home loan given and its repayment. Among the … READ FULL STORY
When you invest in real estate, one of the most critical questions is the source of funding the investment? Most people opt for home loans while buying a house. They pay a minimum down … READ FULL STORY
