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Home loan

Home loan insurance

Home Loan Protection Plan to Protect Your Home Loan

With the upsurge of the real estate sector and the purchase of properties in India, seeking a home loan has become a clichéd aspect. Your home loan is associated with of one of the most imperative assets in your life, i.e. your home. You might have insured most of your assets like your property, automobiles, gadgets and […]

Home loan

Maximum Down Payment for Home Loan can Lower your Interest Burden

Every one has a desire to own a home or property in India.  Pursuing a home loan from a bank or any other financial institution will increase your chances of owning a dream home or apartment in India. Home Loan down payment reduces the lender’s risk and normally range from 15 per cent to 20 per cent […]

Closing Home Loan

Closing a Home Loan successfully is considered a priority by many, primarily because failing to make repayments could result in losing one’s home. A borrower has to be very cautious while closing a home loan as the process of closing a home loan is as cumbersome as applying for a fresh home loan. While applying […]

Pre-approved vs Pre-qualified Mortgage

Many of the mortgage professionals call a pre-qualification a pre-approval when this is not the case. When you visit a mortgage professional, they will either pre-qualify or pre-approve your mortgage application. These two terms have become interchangeable through the years and that is unfortunate for many borrowers. First time property buyers often get confused of […]

Fixed Rate Home Loans Are Not Really ‘Fixed’

When the RBI increases key rates, banks hike the rate at which they lend to borrowers. Hence, borrowers are burdened with increased EMI or increased tenure. Choosing fixed rate home loan is excellent for those who suspect high fluctuation in near future. As the name implies, a fixed rate loan should typically mean the interest […]

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