What is encumbrance?
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
Property Trends
Tag: mortgage
Home Loans
How to qualify for a home loan?
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
Legal
What is deed of reconveyance? What does it signify?
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
Home Loans
How are home loans and home construction loans different?
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
Legal
Tips to verify your flat purchase documents without a lawyer
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
Home Loans
All about how to get home loan
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
Home Loans
Mortgagor: Meaning, rights and liabilities of a mortgagor
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
Home Loans
English Mortgage: All you need to know
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
Home Loans
Repaid your home loan? Here is what you must do now
It takes years of financial discipline and diligent planning, to be finally able to repay a home loan, which typically has a tenure of between 10 and 30 years. Owing to this huge liability, … READ FULL STORY
Current News
ICICI Bank’ mortgage portfolio crosses Rs 2 lakh crores
ICICI Bank, on November 11, 2020, announced that its mortgage loan portfolio has crossed the milestone of Rs 2 trillion (Rs 2 lakh crores), making it the first private sector bank in the country … READ FULL STORY
Home Loans
Home loan agreement: Important clauses that borrowers must know
Prior to the disbursal of the home loan amount, the borrower is required to sign and execute the loan agreement. The loan agreement regulates the terms and conditions of the loan facility being provided … READ FULL STORY
Taxation
Maharashtra stamp duty amnesty scheme 2019: How does it work
Stamp duty is a state subject and is administered by the respective states. The government of Maharashtra, on March 1, 2019, announced an amnesty scheme with respect to the penalty that can be levied … READ FULL STORY
Current News
Karnataka unveils online building plan approval facility
Karnataka chief minister HD Kumaraswamy, on June 13, 2019, launched 118 websites that would enable citizens to get building plan approvals, diversion of land use change and other related permissions through online submissions, avoiding … READ FULL STORY
