Among the most major decisions that are driven by a investor’s psychology rather than financial factors, perhaps the biggest is buying a house, the space we occupy seems to play a big role in our view of self. Developers too…
Basic Rules of Buying a House
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How to switch Home Loan to a cheaper rate?
Once your loan rate has been lowered, consider regular pre-payment. Pre-paying on your home loan during a low rate period is more impactful than pre-paying at higher rates. Pre-pay now to accelerate out of debt. If you have a home…
Home Loan Prepayment Vs Investment
Should I pay off my home loan or continue investing in the hope of decent returns? This is the most intriguing question which keeps playing on the mind of a large number of home loan takers, particularly in a falling…
Right time to take Home or Auto Loans
Buying a home or car is one of the most important financial decisions for the salaried class. A major part of their disposable income goes towards Equated Monthly Installments (EMIs), if they decided to opt for home or auto loans….
All About Home Loan Balance Transfer
Home Loan Balance Transfer refers to transferring your existing Home Loan/ Mortgage Loan from one bank/NBFC to another. The interest rate of an existing home loan and the flexibility the financing institution offers determines whether one continues with the same…
Joint Home Loan –Myths
A joint home loan is a massive financial obligation. Apart from the huge EMIs that are particular to these loans, the tenures are not lesser than 15 to 20 years which means you pay the EMIs for a large portion…
Joint Home Loan-Advantages and Disadvantages
Joint Home Loan is one of the best-marketed product by banks and NBFC’s. Through Joint Home Loan banks hedge their mortgage risk. These days almost all the banks insist on Joint Home Loan even if the property is bought in…
SBI Cuts Interest Rates on Home Loans, Fixed Deposits
India’s biggest bank State Bank of India or SBI has cut interest rates on fixed deposits or FDs, its second revision in about 15 days. SBI today lowered FD rates by 20-25 basis points. SBI also announced reduction in its…
Home Loan Rejection Reasons
When you apply for a home loan, the bank has every right to accept or reject the same. In case your loan is rejected, your bank may or may not tell you the exact reason. While you cannot demand answers…
Home Renovation/Improvement Loans
A home is usually said to be a reflection of its owner. You can now spruce up your home and make renovation a milestone as memorable and enjoyable as home buying. With Home Renovation Loans you can upgrade your existing…