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 »
The home loan agreement is usually a 50 page document that most borrowers do not have the patience to study in detail. However all such agreements have a few tricky clauses that protect the lending institution and may compromise the interest of the borrower! Thus one needs to be aware of these clauses and the… Read More »
When it comes to real estate, Indians believe it to be the most rational, safe and secure class of assets. However, owing to the escalating realty prices in almost every city, investing in it has become costly, challenging and risky affair. Considering the situation, several people yearning to have their own home, are forced to… 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 »
For Amit, owning a house was one of the fundamental necessities of life. For making his dream come true, he decided to go for a reliable home loan being offered by a popular bank in India. Due to the persistent hard work that Amit had put in, he was finally able to get a home… Read More »
Abhijeet is the proud owner of an expansive apartment in Mumbai, but not a lot of people know that he had to face some sleepless nights to buy his dream house. The long term home loan which he had taken for the apartment was haunting him. With the family’s responsibility on his shoulders, he was… Read More »
A decent home in the heart of a metropolitan, equipped with all the standard and luxury amenities, is perhaps the most cherished dream of every individual. There are times when people have to leave their dream behind and move ahead, or at least, put it aside for the time being, in case of a financial… Read More »
The business of mortgage lending has grown by leaps and bounds over the past few years and has become a hyper-competitive arena. With mortgage providers coming from diverse backgrounds, equipped with the required skills, training, experience and affiliation, it has become difficult for prospective borrowers to ascertain the best in the business. Irrespective of the… Read More »
Rohit had always dreamt of having a lavish home where he could live with his large family. He believed that his dream was a far fetched one until he came across the option of home loans. By taking a suitable home loan, he was not only able to buy his dream house but he also… Read More »
Try to lower your interest rate. Negotiate with your bank. One other way is to convert your credit card debt into a personal loan debt. It will definitely be lesser than the credit card interest rate. Calculate your net worth and see if any of your investments could help you prepay a part of your… Read More »