Most Indians rely on a home loan to make their dream home a reality. High real estate prices have almost made home loans a necessity for most people in the middle income segment to be able to afford a home of their own. Of course, the tax advantages that accompanyRead More →
I am 38 years old and my current relationship at home is ??1.5 lakh per month. My wife, who is a housewife, our 5 year old daughter and my mother are our family. I have an IME of ??51,000 for my existing home loan of ??20 lakh. The balance ofRead More →
New Delhi: As part of the Diwali offer, the Union Bank of India cut interest rates on home loans to an all-time low of 6.40%. Buyers who are considering purchasing a new home may benefit from the offer. The reduced interest rates on real estate loans offered by Union BankRead More →
If you are considering taking out a home loan, now is the perfect time to take the plunge. But don’t forget to have a repayment plan in place to avoid any financial stress later on. Home loan interest rates are at an all-time low with rates starting at 6.4%. TheRead More →
For veterans and active servicemen competing for homes in what is still the hottest real estate market in decades, the U.S. Department of Veterans Affairs has refined its loan program with several key adjustments, winning praise from veterans, real estate agents and lenders. The VA Loan is a privately funded,Read More →
Many of us borrow, that is, take out a private loan, from our relatives and friends to help us through difficult times. Some even take out private home loans instead of going to financial institutions like banks, NBFCs, and housing finance companies. However, did you know that unlike a homeRead More →
NEW DELHI: BASIC Home Loan, a Gurugram-based startup developing a home loan automation platform for middle- and low-income households in India, has raised $3.5 million in funding from series A led by Venture Catalysts (VCats) and Gruhas Proptech with other venture capital funds including Earlsfield Capital and Good Capital. BASIC’sRead More →
A mortgage loan is essential in helping most of us achieve our dream of homeownership, and preparing for the application process will make your approval easier. In the checklist we have compiled, you will find all the documents you will need to get your mortgage approved hassle-free. Read on toRead More →
Favorable demographics, better affordability of residential properties and historically low mortgage rates are boosting demand for home loans, mortgage lenders have said. Several major banks, mortgage lenders and housing finance companies significantly reduced their mortgage interest rates during the festival period to take advantage of the resumption in housing demandRead More →
As your income increases, you can consider ways to speed up your home loan repayments to get out of debt faster. Home loans can be granted for terms of up to 30 years. Often, borrowers prefer the longest term possible based on their eligibility. This minimizes the EMI pressure onRead More →
Home prices in the United States weren’t the only thing to skyrocket during the pandemic. Origins of large US “jumbo” residential mortgages that surpass “Compliant limits” Housing giants Freddie Mac and Fannie Mae could reach $ 550 billion this year, a level not seen since the 2008 financial crisis, BofARead More →
SBI Home Loans: India’s largest lender, State Bank of India (SBI), claims to have helped over 30 lakh families achieve the dream of owning a home. The bank says it offers personalized home loans according to individual needs with home loans such as regular home loan, SBI Privilege home loanRead More →
Since most banks offer the same interest rate for a home loan, there are several options to consider before finalizing the deal. At the start of 2021, the lowest home loan interest rates were around 6.75%, with a dozen other lenders offering 6.95% or less. Home loans had never beenRead More →
PNB Housing Finance (PNBHF) announced today that it has partnered with CSC e ‐ Governance Services India, a strategic cornerstone of the Digital India program to provide last mile home loan facilities to people living in cities Level 2 and 3. This initiative will also help PNB Housing’s vision toRead More →
Home loan balance transfer: While Reserve Bank of India (RBI) lending rates are at an all-time low, various public and private sector banks have offered home loans as low as 6.7%. Many of these banks offer these low interest rates not only on new loans, but also on balance transfers.Read More →
Nirav recently received a ??5 lakh semi-annual bonus, and he’s now wondering if he should prepay part of his home loan or if he should invest the money. In such cases, it is most often suggested that the person use the money to invest instead of prepaying the mortgage. ThisRead More →
SYDNEY, Oct.6 (Reuters) – Australia’s banking regulator on Wednesday tightened restrictions on home loans and signaled possible additional measures, saying the rapid growth in lending that has fueled soaring house prices poses a risk to the country. financial stability. The Australian Prudential Regulation Authority (APRA) estimated that its higher benchmarkRead More →
Shikha, 40, mother of two, is an IT professional. She has lived with her parents since her husband died five years ago. She thinks the time has come to buy her own house. She has approached lenders for a home loan and must choose between a fixed rate loan andRead More →
The lowest mortgage market rates have now been raised. Heartland Bank added +30 basis points to its very competitive floating rate. And he also increased all of his fixed rates. Heartland’s floating rate fell to 2.55%, but it’s still around 2% lower than any major Australian bank and 1.20% lowerRead More →
LIC Housing Finance (LIC HFL) on Thursday extended its lowest mortgage rate of 6.66% for the holiday season. Clients can benefit from home loans up to ??2 crores. In July of this year, she announced that she was offering home loans at an interest rate of 6.66% for an amountRead More →
This week, Housing Development Finance Corp. joined the State Bank of India, Kotak Mahindra Bank and Bank of Baroda to cut mortgage rates on home loans. These rate cuts are offered to both salaried and non-salaried borrowers. Mint takes a look: Should you buy a house because the rates areRead More →
With many malls nationwide experiencing a resurgence in foot traffic as lockdown measures and COVID numbers stabilize, there is also an increase in the demand for work from home (WFH), online schooling, home improvement and other “new normal” needs. With that comes an increase in demand for consumer finance, withRead More →