There is distress among home owners. Home Loan tenures have shot up rapidly in the last year. We enjoyed two years of rates as low as 6.40. But such has been the inflation that barely three quarters later, many borrowers are now paying upwards of 9 per cent. As a result, Home Loan tenures have shot up dramatically!
It’s been a crazy year with Home Loans. As the RBI pumped the repo rate up from 4.0 to 6.5. Home Loans became costlier at a pace not seen in years. Voluntary EMI hikes are a great way to reduce Home Loan tenor and get out of debt faster. Read on to know more!
The Reserve Bank of India (RBI) paused the repo rate at 6.50% this month. This is a good time to calculate the difference between the repo rate and your Home Loan rate. That number is essentially the markup on your Home Loan. Read on to know more!
As Home Loan rates continue to spike, borrowers need to understand all aspects of the Home Loan process to lower their EMI burden. In this article, we will discuss what a Home Loan spread is, and how it can affect your debt burden.
Repo rate, we think we know all about it, but not enough. So, here’s us shining a light or rather charging a flamethrower on some very interesting facts about it.
While owning a home is a dream come true for most millennials, if you don’t do the math right, you’ll end up despising what was meant to be a profitable investment.
If you missed the July 31st deadline for income tax return filing, here’s what you need to know. Long story short – you snooze, you lose.
Although the pandemic has derailed the plans, priorities, and expectations of many, do not get blindsided when it comes to house hunting and be ready to roll with the punches. Here is a handy guide for your house-hunting adventure!
A Home Loan is a long-term commitment of at least 15-20 years. This is why it’s crucial that you review your Home Loan from time to time.
If you’re planning to do a Home Loan balance transfer, here are a few factors you should bear in mind before you arrive at a decision.