What Is the Home Loan Processing Fee?
What Is the Home Loan Processing Fee? Are you planning to buy a home? If so, you are making the right decision. Whether you are buying a property for business, for personal use, or for investment, it is a good decision to make. But of course, buying a home or any property so to speak […]
When To Get A Mortgage Loan?
When To Get A Mortgage Loan? It is everyone’s dream to own a home. Sure, this is an investment everyone hopes for and can be the most expensive. Once you own a home, whether it is big or small, it is an achievement and worthy for you to brag about. Your house is your pride […]
Will your home loan cover statutory expenses?
Will your home loan cover statutory expenses? Who does not want to live in a home they can call their own? Sure, owning a home is far better than renting or leasing. Mortgage loans allow people to own a home without paying a huge amount of money upfront. By getting a mortgage loan, you will […]
What are the documents required to apply for a home loan?
What are the documents required to apply for a home loan? Buying a home can be very exciting, but just so you know, not everyone is capable of securing a loan, hence, if you cannot pay for your desired home in cash, might as well, assess whether or not you are qualified to submit all […]
Is the interest rate offered on your home loan fixed or floating?
Is the interest rate offered on your home loan fixed or floating? Let’s first understand the meaning of fixed interest rates and floating interest rates. home loan Fixed interest rate:- As the name suggests this interest rate implies that the lending rate is fixed. A fixed interest rate is a rate that is levied on […]
What is the term of the loan?
What is the term of the loan? A term of the loan refers to a loan that is given for a fixed duration of time and must be repaid in regular installments. These loans are usually extended for a longer duration, ranging from 1 year to 10 or 30 years. Term loans are mostly used […]
Do my age and occupation matter for a home loan?
Do my age and occupation matter for a home loan? Banks/ financial institutions do consider some of the factors when you apply for a home loan and these factors include:- income of the applicant, qualification, credit history score, age of the applicant, etc in fact, age is one of the most critical parameter that matter […]
Types of Government loans
Types of Government loans Economic growth depends on its MSME ( micro, small and medium enterprises ) in contributing to the GDP of the country. The MSME sector is the heart of the Indian economy. The loans by the government offer the right kind of financial backing to MSMEs. Types of Government loans India has […]
Benefits of home loan
Benefits of home loan A home loan certainly is a liability however, buying a home entirely with your savings is not possible. Home loan benefits can’t be overlooked. It is a huge amount and involved a long tenure but as stated above its blessings can’t be neglected. Buying a home is a mental process and […]
When to get a home equity loan?
When to get a home equity loan? A home equity loan is a type of loan in which the borrowers use the equity of their home as collateral. The loan amount is determined by the value of the property, and the value of the property is determined by an appraiser from the lending institution. If […]
