List of Home Loan Articles

A home loan is often the only financially viable method for a person to fund major purchases like a house. It also offers significant tax benefits to borrowers.

Before you jump the gun and panic thinking that you must pay off your home loan as soon as you can, or at least think about a refinance option for your home loan, take a closer look at your financial plan. See the number of investments you have and the returns they are yielding.

Taking a House is once in a life time decision for many of us with the spiraling prices of the property and the high interest rate regime in the market.

Firstly, the loan is still in your name, so your credit rating is at stake. Secondly, go with builders who have a track record of delivering projects on time. Else, you could end up with a huge cost on your shoulders.

A floating interest rate, variable or adjustable, is not fixed and can change periodically based on shifts in an underlying benchmark or reference rate. Unlike a fixed interest rate that remains constant over the entire loan period, the floating interest rate is subject to adjustments.

what is a reverse mortgage loan, how reverse mortgage loan works, eligibility criteria and key benefits and limitations, and if it pays to have a Reverse Mortgage Loan.

Taking a House is once in a life time decision for many of us with the spiraling prices of the property and the high interest rate regime in the market.

Firstly, the loan is still in your name, so your credit rating is at stake. Secondly, go with builders who have a track record of delivering projects on time. Else, you could end up with a huge cost on your shoulders.

A home loan is a secured loan that is acquired for the purpose of buying a property by pledging the asset as security.

At its core, an equitable mortgage falls along the lines of a legal agreement that leverages your property's equitable interest as collateral for a loan. Unlike the more traditional form of mortgage, where the legal title of the property is transferred to the lender until the debt is repaid, an equitable mortgage retains the title with the borrower.

To know the depths of Repo Rate, it is essential to know what is repo rate. The repo rate, also called the "repurchase rate," holds significant importance as a benchmark interest rate employed by central banks to provide short-term loans to commercial banks, usually overnight.

At times, borrowers may want to convert their home loan interest terms from a fixed to a floating rate or vice versa. Although a borrower may switch their interest rate terms as many times as they wish, there is a fee levied each time.

Balloon payment means that they are significant sums of the loan amount paid after the loan period. However, based on the loan's interest rate, the balloon payment's amount must be discounted at present value.

If you are planning to take a home loan to buy your own dream home, you better do you homework right, else you would end up paying much more than you had bargained for, apart from the EMI.