Real estate is a valuable asset that may be a lifesaver in difficult times in addition to giving one a place to live. For instance, a homeowner in dire need of money doesn’t need to take out pricey personal loans; instead, they can use a home equity loan to get by during the financial crisis (LAP). A home equity loan is a special instrument that enables you to maximize the financial value of your house while maintaining its ownership.… Read more
What is the difference between a home loan and a land loan?
Tags: Loans
It doesn’t matter if you’re an experienced homebuyer or a first-time one, a home loan is something that you should be well aware of before making a huge purchase. … Read more
How to purchase a house when you have a student loan?
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Few tips that can guide you in purchasing a house when you have a student loan.… Read more
What are top-up loans and how they benefit you?
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A facility to avail more funds on an existing loan is known as a top-up loan. Why go for the loan formalities all over again if you need more funds when you have a loan that has been disbursed and already under repayment. … Read more
Kotak Mahindra Bank cuts home loan interest rate down to 6.5% for customers, avail now!
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Big news for all the Kotak Mahindra Bank customers as the bank initiates a total of 15 bps (basis points) cut down on their home loans, lowering it from 6.65 to 6.50% per annum. … Read more
Know your debt to income ratio before taking a home loan
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Before we begin, consider Ajay, who has obtained a loan of approximately 15 lakhs for his business. He earns ₹30,000 from his business and has a very good credit score that ranges between 700 and 900. Ajay, on the other hand, has a dream of owning his dream home and has applied for a home loan of 35 lakhs. Ajay is confident that his loan application will be approved, but he fails to get it, shocked to know why?… Read more
Here’s why the latest increase in intimation of mortgage affects homebuyers and real estate
Tags: Loans
For most homebuyers, their dream home becomes a reality through a home loan. For homebuyers, especially middle-class families with limited resources, a home loan that is sanctioned is one of the biggest financial and emotional steps in their journey to owning a home. Along with the happiness of having your loan sanctioned also comes the paperwork and the taxes to get your mortgage and loan registered. … Read more
