When you take a home loan, the bank will not tell you about many hidden charges. The first charge that you come across while applying for a home loan is processing fee but there are many hidden charges in home loan that you would come to know only later. In this article, we have covered …
India is currently witnessing lot of changes not just in economic terms but also in the way society functions. Earlier, in joint families parents could depend on their children for their medical and other financial needs. But in today’s world, young people are working across geographies and many old people are staying alone. They have …
Reverse Mortgage – Guide on Reverse Mortgage Loan Scheme Read More »
Typically when you apply for a home loan, you will be offered another product known as home loan insurance bundled with the home loan. Sometimes, the home loan insurance is made mandatory by the bank which means if you take home loan from that particular Bank, you have to necessarily take the home loan insurance. …
Home Loan Insurance – Is it best option to insure home loan? Read More »
Out of fixed or floating interest rate which is better? This is a dilemma that almost everyone goes through while seeking a home loan. So, how do we choose between a fixed and floating interest rate? The answer may seem a cliché, but it depends on market conditions and your personal choice.Let us analyze which …
Fixed or Floating Interest Rate Which is Better? Read More »
Over the years, home loan procedure has gone through tremendous change with increasing competition among public and private Banks and Housing Finance Corporations. Many lenders may offer you freebies and entice you to take home loan from them. However, you should be aware of theirs tactics. You will be better prepared to handle your home …
Home Loan Procedure | How to get Home Loan? | Process Read More »
There can be many reasons for you to buy a second home that may include using it as a holiday home, gaining rental income, using it as an investment for capital appreciation or diversifying your investment portfolio. Whatever is the reason, you may have to take a home loan to fund your second house. Therefore, …
Income Tax Benefit on Second Home Loan – Complete Guide Read More »
Are you planning to buy a home? Are you falling short of funds even after considering the maximum individual home loan you can get? A joint home loan can be the answer for you. It not only increases your home loan eligibility but also offers tax advantages. But before jumping on it, you should know …
Did you check your CIBIL report recently and were shocked to see a low score? Now perhaps you are wondering, How to Improve CIBIL Score? Well you are not alone in this boat. Many of us unknowingly build a bad credit rating over time. But you don’t have to worry because a credit score is …
How to improve CIBIL Score? | 8 Tips to increase CIBIL Score Read More »
CHECKLIST Documents Required for Home Loan by All Applicants Application Form – Duly filled and signed form along with 2 passport size photographs. Identity Proof – Copy of Voter’s ID/ Passport/ Driving License/ PAN Card/ Aadhar Card. Residence Address Proof – Copy of Telephone Bill/ Electricity Bill/ Gas Bill/ Rent Agreement/ Property Tax Receipt/ Passport/ …
Documents Required for Home Loan – CHECKLIST & TIPS Read More »
Looking to buy a house? You would need to take care of two major aspects – home search and arranging finances. Both of these processes require substantial time and efforts. If finances can be arranged beforehand, you can focus your time and energy on home search. A Pre-Approved Home Loan is a good option to …