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
Home loans are a convenient way to help you buy your dream home, however one should repay the amount as soon as possible. Such loans impact your savings and lifestyle, so it is advisable … READ FULL STORY
The easy availability of housing loans in India has made property ownership easy. However, unlike Western countries, where banks offer nearly the entire capital to buy a home, banks in India have stricter norms … READ FULL STORY
Purchasing a mortgaged property in India can be an attractive option for many homebuyers. While the process involves additional steps compared to buying a new or resale property without an outstanding loan, it can … READ FULL STORY
Setting a budget and arranging funds are two of the most important steps in property buying. While the first one depends on you as to what extent you can stretch, arranging funds to buy … READ FULL STORY
The amount that a lender gives to a borrower is known as the principal amount. This principal amount added with interest and is the final amount to be paid to the lender on time. … READ FULL STORY
A home loan is a form of financial assistance obtained from institutions like banks and housing finance companies to facilitate the purchase, or construction of a house. These institutions, commonly known as lenders, extend … READ FULL STORY
December 8, 2023: The Reserve Bank of India (RBI) decided to maintain a status quo on the repo rate for the fifth time in a row. The move to hold the rates at 6.5% by … READ FULL STORY
