January 13, 2025: India Mortgage Guarantee Corporation (IMGC), India’s mortgage guarantee company has partnered with GIC Housing Finance Ltd (GICHFL), to offer innovative mortgage guarantee-backed home loan products. This strategic collaboration aims to introduce mortgage … 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
When purchasing a property, especially a new one, many buyers focus primarily on the purchase price and the mortgage. However, there are several other costs that come into play before you actually take possession … READ FULL STORY
A balloon payment can be a tempting option for borrowers seeking lower monthly payments. However, it’s crucial to understand the full implications before diving into a balloon loan. This article will explore what balloon … READ FULL STORY
Thinking of purchasing property? A key step in avoiding legal hassles in the process or in the future is the title search. It is essential to ensure that the property in question has a … READ FULL STORY
A claim made against a property by someone who is not its owner is known as encumbrance. It can limit the free use of property, or even transfer of property until it is lifted. … 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
A mortgage is a legal agreement between two parties namely the mortgagor (borrower) and mortgagee (lender) where the mortgagor borrows money against a property of his/hers, which gives the right to the mortgagee to … READ FULL STORY
Finances are the first step towards real estate investment, be it home buying or home building. However, a common confusion for home finance borrowers are the terms home loan and home construction loan. … READ FULL STORY
Due diligence and awareness of your rights can certainly protect you against unscrupulous practices by developers. In an industry that still lacks transparency, in spite of the many laws that have been put in … READ FULL STORY
In contrast to a loan for the acquisition of a piece of commercial or industrial property, a house loan is provided by a bank, mortgage company, or other financial institution for the purchase of … READ FULL STORY
Applying for a loan is an easy way to finance a house purchase. Terms like ‘mortgage’ and ‘mortgagor’ are quite often used in the context of home loans. Mortgage is a common way to … READ FULL STORY
When you take a home loan, the same is secured by way of a mortgage. The Transfer of Property Act, 1882, defines a mortgage and enumerates various types of mortgages. Let us understand what … READ FULL STORY
