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Real Estate Forum on Home Loan

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Now a days builders are more prominent towards real estate market due to current rate cut.
Latest Answer: I would suggest you should see the graph which shows the growth of property prices over a period of time, House of hiranandani has build flats from 30L to 1.5 cr so its a varied market. So of builders like Hira are having a development plan in these locations, that shows the realty sector is going to boom. Also see that the new government will also have a positive impact on reality sector.
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Q: Give description about your Question.
Latest Answer: Hi Mr Srinivas, Foreclosed houses are the houses auctioned by banks to recover the loans that buyers fail to repay and, hence, the cut in prices. Such properties are cheaper by 10-25 per cent of their prevailing market value. Those houses are called foreclosed property. There are many definitions for foreclosed property.
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Q: Is it better to take a home loan from Public Sector Banks or even Private Banks are good? Please let me know the advantages of both. I am looking at a home loan on 50 lac.
Latest Answer: Over the last 2 years there has not been much of a difference between a public sector and a private sector when it come to a Housing Loan. One of the main complaints against private banks has been that it is more expensive but currently the Rate of Interest at both Public and Private banks are the same. ( Except for SBI which is 0.10% cheaper) When it comes to ease and speed of processing Private banks are much better and also they have a much better customer support unit which may be lacking in most public sectors banks as of now. The RBI has also made it clear that the banks cannot charge any foreclosure or pre-closure charges which has ensured that there are no hidden charges which can be passed on to the customer. I would definitely suggest a HDFC or a ICICI bank to address your home loan requirement today than a Public sector bank taking into consideration that the rates being the same I am getting a much better service and facilities.
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Q: What are the hidden charges I should take care of before taking home loan from a bank?

Latest Answer: Hi every body, It is very important for you if you are taking any home loan. If you have selected for floating interest rate then always pay attention when RBI increases or reduces the interest rate. First thing you need to check is whether the updated rates are reflected in your bank account or not.
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Q: Hi, I have heard that there are new norms for home loan in this new year?
Latest Answer: So all this issues will affect the house prices in major cities of India. How will this factor effect the home loan for residential units?
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Q: I want to know what are the documents required to take mortgage loan?

Latest Answer: 4) Not getting the important documents upfront Home loan documents are important set of papers that require special attention. Borrowers often fail to arrange them properly and misplace them or lose them with any financial institution. In addition to it, borrowers often forget to request for a list of the documents submitted to a financial institution, after the loan processing process is completed. This takes a toll on the individual’s credibility and makes it difficult for him/her to apply for any other loan in future.
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Q: How the increased repo rates are going to affect the real estate market? Although the finance expert were telling that the Repo rates will remain stagnant but however the Repo rates have been increased by 0.25 percent.

Latest Answer: I was about to apply for a home loan as I am planning to buy an apartment in Bangalore. I think now banks have increased their interest rates.
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Also see discussions for
Q: Recently I have heard about Joint Home loan which is a new term for me. Can you please provide me the details of what are the documents required for Joint Home Loan
Latest Answer: According to an expert, other way of repayment could be that the co-borrowers share the number of EMIs between them such that a specific number of cheques can be issued by one borrower and the balance by the other
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Q: What are the steps to keep in mind in order to take care of my home loan EMI
Latest Answer: So my home loan is directly proportion to my income?
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Q: How is home loan calculated, need full details!
Latest Answer: Yes there is a part in home loan u can can benefits
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