Margin money in home loans is the amount that a borrower pays as down payment. While buying a property, the portion of the total cost that has to be financed from the buyers’ own … READ FULL STORY
In addition to borrowing funds for the purchase of a ready-to-move-in house or for booking an under-construction property, you can also avail of home loans to get a house constructed on a plot. Such … READ FULL STORY
A home loan is taken for the purpose of either buying a ready-to-move-in house or for the purpose of booking an under-construction property. Home loans are available for residential, as well as commercial properties. … READ FULL STORY
A property seeker can either buy a flat that is ready-to-move-in, or book an under-construction property. While these are the preferred options, one can also get their own house constructed on a plot of … READ FULL STORY
Selecting the house of your choice may take its own time but you need to plan for the finances to fund the purchase, in advance. Obtain your credit report It is almost impossible … READ FULL STORY
When a person buys any property, it generally involves taking a home loan and also exhausting a substantial amount of one’s savings, to fund the margin money. Moreover, home buyers also try to avail … READ FULL STORY
A home loan has to be repaid during its tenure, by way of equated monthly instalments (EMIs). The amount of the EMI, as the name suggests, remains the same throughout the tenure of the … READ FULL STORY
It is important to do your homework well, before you apply for a home loan. There are many reasons due to which a loan application can be rejected by a bank. Also, you may … READ FULL STORY
Home loans have become an invaluable tool, for most people looking to buy a home. However, the process can turn into a nightmare, if the borrower commits certain mistakes while applying for the loan. … READ FULL STORY
While opting for a home loan, lenders will not sanction a loan for the entire cost of the house. Moreover, as per the RBI’s directions, lenders are not allowed to take into account the … READ FULL STORY
Buying a house seems to be an important goal, not only for newly-married people, but also for people who are single and earning and are planning to marry, unlike the previous generations who would … READ FULL STORY
For many, the decision to buy a home, depends on whether one is able to get a home loan on time, or not. Most housing finance companies ask the borrower to pay 10-20 per … 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
