You can expect home loan rates to mover up by at least one per cent in the coming months. It is always advisable to pre-pay your Home Loan, if you have extra cash available with you. According to source, the home loan rate is evaluated using reducing balance method and the interest rate is always [...]
Home loan
Articles and Resources about Home loan
Tax Incentives on Home Loan
Thursday, February 24th, 2011Tax incentives on home loan encourage people to invest in a house or property. Acquiring a home loan for buy or build a house makes you eligible for tax rebates under Income Tax Act. The interest towards home loan taken for construction, repairs, renewal or reconstruction of existing house property is also eligible for deduction. [...]
Equity Release Loan for the Senior Citizens
Thursday, December 2nd, 2010Equity Release is a way of unlocking the value of your property, without having to move home. Equity release is a means of retaining use of your house or other object which has capital value, while also obtaining a lump sum or a steady stream of income, using the value of the house. To be [...]
Understand Your Home Loan
Wednesday, December 1st, 2010Banks generally quote an ‘annualized’ interest rate, but remember that interest rates can be deceptive unless you figure out how they are defined. When you take a loan from a bank or a housing finance company, bank will offer you only 80 to 90 per cent of the value of the property i.e., you have [...]
How To Avoid Rejection of Home Loan application
Tuesday, November 16th, 2010Earlier getting a home a loan was easier as the lending companies or banks were competing with each other to attract maximum borrowers through attractive schemes and offering teaser home loan. But now Reserve Bank of India (RBI) announced a series of monetary measures that tightened the norms for home loans. The RBI also sought [...]
Refinancing Home Loan in India
Wednesday, September 15th, 2010Refinance has become a common way of repaying the earlier debts and creating new ones. Refinancing in simple terms means replacing your existing loan, with a new one, under fresh terms and conditions. The new loan or refinance taken for the payment of earlier loan is always at lower interest rates so that the person [...]
