Home loans are long term financial instruments that affect your pocket for a long term. Any excess payment made towards home loan repayment can stretch your budget and hamper your overall finances. Paying a pre EMI for under construction property is one such payment that can burn a hole in your pocket without reducing the… Read More »
When you apply for a home loan after you are 45, you will not enjoy the maximum tenure benefit as in the case of other borrowers. Assume you decide to apply for the loan when you are 45, and your retirement age is 60 years, then the maximum tenure the bank may be willing to… Read More »
Borrowing a loan requires careful planning and analysis. When you take a home loan, this becomes all the more important, since the commitment is for a long term. You may end up paying more or getting inefficient service if you choose the wrong scheme or bank for your home loan. There are many mistakes committed… Read More »
In just a few days following the budget RBI has paved the path for increasing the liquidity for banks, enabling the possibility of a lot of positive steps in the real estate sector. Impact on home buyers RBI notified to consider the home loan up to Rs 50 Lac (i.e. a property value up to… Read More »
Making mistakes with our money is something we all are wary of but can never really be sure of avoiding. Even those of our friends who seem to have the smarts for handling their money, sometimes falter at problems that credit and financial planning bring along. Never was money as simple as saving in a… Read More »
Buying a home is a very significant investment for most of us. You would not like to take a risk with any inappropriate investment. During this project of buying a house, the procurement of home loan is equally important, as selecting a property is. In fact, for most of us, the decision of purchasing a… Read More »
Three years of moving into her new house, Minisha finally bought her dream car. While being happy on her new purchase, Minisha was worried as she had no funds left to buy a parking space in her society. Surely parking the new car out in an unsecured location was not a good idea. With her… Read More »
Buying a piece of land and building their first home is the biggest dream harboured by many Indians. So, when Prabhat told his mother that he was buying a plot of land, she was proud of him, something she did not show when he invested in the flat.
Does it make sense to reduce one burden by taking on another? This is the first question that would be top of mind when faced with the question of whether to refinance an existing home loan. Given the fact that a home loan is the biggest reason for cash outflow in most Indian households, this… Read More »
Neeraj, a middle class sales and marketing professional based in Pune, purchased a decent abode in a metropolitan by securing a home loan worth Rs. 24 Lakhs from a leading financier. Divided into easy monthly installments, Neeraj was reducing his liability quite comfortably. Being able to increase his bank balance to Rs.8 Lakh, Neeraj found… Read More »