KARACHI: The State Bank of Pakistan (SBP) has come up with a new measure to help banks meet their mandatory housing and construction finance targets. Despite booming profits in 2021, banks have remained sluggish in disbursing approved housing and construction loans. On July 15, 2020, the SBP set mandatory targetsRead More →
Home loans have never been cheaper in the last decade, and despite the fact that house prices are higher, these rates offer a good opportunity to buy a house. On the other hand, government bonds are now more expensive than mortgages, which may seem odd. However, there is a simplerRead More →
So, you have finally decided to make your long held dream a reality. You have chosen toeventually become the owner. But you don’t have that much money withyou, and you have decided to benefit from a mortgage. Now you fear it will burna hole in your pocket. Well, don’t worry,Read More →
In India, when traditional households think of investment, they think of real estate, gold or mutual funds. It is therefore no surprise that the real estate sector in India is expected to reach $1 trillion in market size by 2030 from $200 billion in 2021 and contribute 13% to theRead More →
DALLAS–(BUSINESS WIRE)–The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce the appointment of four new members to its Affordable Housing Advisory Board (Advisory Board) and one reappointment. New members: Ms. Nicole Barnes, Louisiana Representative Ms. Charla Blake, Louisiana Representative Ms. Nicole Martinez, representative of New MexicoRead More →
CINCINNATI, January 10, 2022 / PRNewswire / – The Federal Home Loan Bank of Cincinnati The board of directors announced the results of the elections of the directors of the FHLB in 2021. The members elected two directors of Kentucky, as well as an independent director. A director coming outRead More →
What are the different fixed and variable interest rates offered for home loans today? Let’s take a detailed look at the interest rates of banks and housing finance companies. – Institution Amount of the loan Under Rs. 30,000,000 Rs. 30 to 75,000,000 Rs. 75,000,000 more BANKS (Floating rates) Axis BankRead More →
The Federal Housing Finance Agency (FHFA) took action today to meet one of the targets set in its 2022 scorecard for GSEs Fannie Mae and Freddie Mac, announcing targeted increases in upfront fees for some high balance GSE loans and second home. High Balance Loans (referred to as Super CompliantRead More →
ATLANTA, Jan. 05, 2022 (GLOBE NEWSWIRE) – The Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today announced the appointment of three new members to its Affordable Housing Advisory Board (Council). The Board plays an important role in helping FHLBank Atlanta fulfill its mission of community lending and affordable housing,Read More →
The Reserve Bank of India (RBI) kept its key rates unchanged last month. This has helped banks keep interest rates on home loans low. Some lenders have even continued to reduce it further to support the ongoing recovery. Housing Development Finance Corporation, or HDFC, India’s largest housing financeRead More →
The Reserve Bank of India (RBI) kept its key rates unchanged last month. He helped banks keep mortgage interest rates low. Some lenders even continued to reduce it further to support the ongoing recovery. Housing Development Finance Corporation, or HDFC, India’s largest housing finance company, offers home loans at interestRead More →
NEW DELHI: Bajaj Housing Finance has announced its new festive offer, with home loans starting at 6.65% per annum subject to conditions. The Housing Finance Company will offer eligible applicants the option to tie the interest rates on their home loans to the Reserve Bank of India pension rate andRead More →
Here, we talk about three key things to know before selecting a home loan: different types of home loan interest rates, EMI customization options for home loans, and various loan fees. Fixed or floating Banks or housing finance companies (HFCs) usually offer variable rate home loans. Variable rate loans areRead More →
For someone managing a home loan, this could be one of the best tax-saving tools in their kitty, especially if they’ve exhausted all other tax-saving options. In addition to tax savings, your home loan also allows you to create property that appreciates at the lowest interest rate. While many areRead More →
Bright red, chaotic and frenzied – these are a few words that realtors have used to describe the Southwest Florida housing market in 2021. Now, some say they expect loan limits. real estate increases to energize it. “Compliant limits and FHA limits have increased by approximately 18% for 2022,” saidRead More →
KEEPING THE PROMISE OF #YouGrowWeGrow IIFL Home Finance Ltd., a wholly owned subsidiary of IIFL Finance Ltd., recorded 12% year-on-year growth in its AUM (assets under management) and disbursed loans amounting to nearly ₹3,000 crores in the first half ending September 30 of FY 2021-22, with a total AUM ofRead More →
Let the good times roll. Now you can buy a $1,021,895 home in California with as little as 5% down and still get a loan backed by Fannie Mae or Freddie Mac. The Federal Housing Finance Agency announced Tuesday (Nov. 30) that the 2022 loan limit for high-cost metropolitan areasRead More →
Grants will create or rehabilitate more than 2,100 housing units DALLAS, November 15, 2021–(BUSINESS WIRE)–The Federal Home Loan Bank of Dallas (FHLB Dallas) is pleased to announce that, in partnership with its member financial institutions, it has awarded $18.5 million in Affordable Housing Program (AHP) grants to 26 projects, primarilyRead More →
When you get a home loan, other than the equivalent monthly payment (EMI), you must also pay various fees applicable on this home loan. These fees vary among lenders (banks, housing finance companies, and non-bank finance companies). Additionally, some lenders may charge fees separately while others may bundle various feesRead More →
Housing affordability has risen sharply over the past two years, with home rates falling and loan interest rates falling to their lowest. So, if you are planning to buy a home, chances are you want to get as high a loan as possible. If you are a first-time home buyer,Read More →
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 →
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 →
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 →
Have you taken out a home loan from these sources? You will not get benefits under section 80C Highlights Under section 24b of the Income Tax Act, one can claim a deduction of up to Rs 2 lakh on interest paid on a home loan. These tax benefits are onlyRead 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 →
The key rates remain unchanged; banks, housing finance institutions see an increase in loan disbursements. By Balaji Rao TThe six-member Monetary Policy Committee (MPC) chaired by RBI Governor Shaktikanta Das has, as expected, kept interest rates unchanged and the position continues to be “accommodating.” The reverse repo rate would remainRead 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 →
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 →
As the second wave of COVID-19 proves to be highly volatile and begins to prove fatal beyond imagination, the irreparable loss of human life we are witnessing in and around our daily lives has created a void enormous that cannot be filled. With the aim of bringing aid to theRead More →