List of Home Loan Articles

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.

Banks and non-banking finance companies provide home loans at fixed or floating interest rates. One should understand the initial contrasts between these two loan kinds. However, to do this, one should compare fixed vs floating interest rate and consider them both.

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

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.

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.

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.

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.

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.

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.