List of Home Loan Articles

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.

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.

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.

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.

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.

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.

A good credit score is paramount in the home loan application process. In India, the CIBIL score is widely used to measure creditworthiness. In this article, we will delve into the significance of the CIBIL score for a home loan and determine the ideal score that lenders seek.

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.

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.

Sometimes, you may come across a bank which gives a home loan with lesser interest rate than your current bank. At such times, you are tempted to transfer home loan from your current bank to another bank.

A home loan is your ticket to realizing the dream of having a residential haven. It provides you ownership of a house, fostering a sense of security and permanence. This canvas can be painted with various strokes – from a bustling city apartment to a serene suburban house with a garden.

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