House Price Index (HPI) indicates the fall and rise in house prices across India. This rate at which the index is rising, has been showing a decline for a few quarters now. With interest rates also going down, this might be the right time to go for your dream house.
Let’s assume you took the plunge to get your home and took a Home Loan two summers ago. You’ve started repaying the loan EMIs but you have a sudden financial emergency and you’re going to be strapped for funds for the next few months. Would you take a Personal Loan, or a Top-up Loan on your Home Loan to help you through the crisis?
A Mortgage Loan is money advance given by a bank against your property. The property could be your house, a piece of land or any other form of personal or commercial real estate in your name. This makes it a secured loan, which means the lender can forfeit your property if you fail to repay the loan.
Applying for a Home Loan to buy a house is quite common. Home Loan EMIs , of course, need to be paid every month and on time till the loan is repaid. But what happens if you are unable to repay your Home Loan? What can you do if you are stuck in such a situation?
Buying your own luxurious pad in an upmarket locality is certainly an alluring dream. Luxury apartments are in great demand these days. But before you invest in a luxury apartment, make sure you have done your homework! Here are a few things to keep in mind.
Salman Khan must have been super relieved when the verdict was announced. And so were all of his die-hard fans. Suraj and Nikita, were just as relieved when a Subvention scheme swooped in to save their day! They were planning to buy an apartment in Delhi and they zeroed in on a property with a… Read More »
Well, when we conversed with him, Mr. Confucius was confounded when confronted with the conundrum of Financial Planning. Confused? Let’s face it. It was a different world then. Insurance as a product probably didn’t exist (if you don’t count daylight robberies); so, checking your life insurance options was probably unheard of. Land was conquered, not bought using loans;… Read More »
Sunny Leone was once a practicing nun. There! We just did what gets done all the time – create a myth. The financial planning world is full of such myths (not about Sunny Leone, but hey, we like the way you think!) Here are five such myths. We can’t tell you who created them. So… Read More »
Humankind has spread its wings and made the moon its second home. While there are no tax implications of that (not yet at least!) there certainly are tax implications on your second home here on earth. We unlock the tax dreadlock for you. Tax implications for multiple properties Before getting into the details of tax… Read More »
Should I buy, should I not? Where will I get all the money from? How did my dad manage to buy one? What if I wait and the price goes up? Like it or not, these are some of the many questions that raid our mind every time we see one of those property ads… Read More »