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8 Scenarios when you should NOT Refinance your Mortgage

Imagine this scenario – you have taken a 30-year home loan with a fixed interest rate of 9%. That probably sounded like a good deal, when you initially availed your loan. But, right now, the interest rates have dropped significantly and range around 7.5%.

5 months agoRead More
Why Refinancing Is A Bad Idea?

Home loan refinancing is not always the best idea, even when interest rates are low and friends and colleagues are talking about who fetched the lowest interest rate. Before you begin the long process of gathering pay stubs and bank statements, think about why you are refinancing.

5 months agoRead More
When is the right time to refinance a home loan?

When interest rates fall as they have done recently, most homeowners look to refinance their existing loans. While refinancing can help you cut down loan costs and repay the loan faster, it's not always the right choice.

5 months agoRead More
What is the credit score required for home loan refinancing?

Home loans are undoubtedly one of the biggest debts that individuals will pay in their lifetime. The size of an average home loan is 30 lakhs or more and extends for 10 to 30 years. Generally, home loans are repaid in the form of monthly EMIs.

5 months agoRead More
What is home refinancing?

Home refinancing is the process of replacing an existing home loan with a new loan. Normally, people refinance their home loan to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable-rate home loan to a fixed-rate home loan.

5 months agoRead More
What Happens When You Refinance Your House?

Refinancing your home is the process of replacing an existing home loan with a new loan. Often, people refinance their home loan to reduce their monthly payments, lower their interest rate, or change their loan program from an adjustable-rate home loan to a fixed-rate home loan.

6 months agoRead More
10 Things to Know about Home Loan Refinance

Home loans are one of the biggest financial burdens for an individual in his/her life. It’s a long-term loan that ranges, on an average, from ten to thirty years. Besides the principal, a home loan EMI also includes the interest component.

6 months agoRead More
How to refinance a home mortgage with poor credit scores?

One frequent question among home loan borrowers is, "Can I refinance my home loan with bad credit?" The short answer is – of course, you can, but it may be difficult. For the long explanation on how to refinance a home mortgage when your credit scores are not that good, continue reading below.

6 months agoRead More
Does refinancing hurt my credit score?

Whether you’re looking to purchase a new car for the family, move into a new apartment, or expand your business – loans help us meet all our cash shortfalls.

6 months agoRead More
Can I refinance my house and take money out?

There may be situations in life when unexpected expenses come your way. When it happens, refinancing your home loans and taking cash out may be a smart way to raise the funds you need.

6 months agoRead More
How is home refinance interest rate fixed in India?

A large number of existing home loan borrowers in India switch their ongoing loans to new lenders to enjoy a reduction in interest rates and consequently, lowering on the home loan EMIs.

6 months agoRead More

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