List of Home Loan Articles

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.

There is a strong sense of relief and pride that one achieves in paying off a home loan and officially calling the property theirs. With the recent announcement by the RBI and NHB extending the elimination of prepayment charges for home loan foreclosure, home loan borrowers have been further encouraged to pay off their mortgages before the end of the tenure.

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.

While numerous factors contribute to the hike in real estate prices, there is one significant factor, known as “ready reckoner rate” that has a bigger part in deciding the movement of real estate prices.

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

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.

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.

An applicant must present a variety of documents that verify their KYC, the antecedents of the property they seek to acquire, their income background, etc. in order to secure a house 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.

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.