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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.

2 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.

3 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.

3 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.

3 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.

3 months agoRead More
Are home loan interest rates likely to reduce in 2020?

On 27th March 2020, the Reserve Bank of India reduced the repo rate by 75 bps (basis points) as a measure to protect the economy from the ravaging impacts of the Coronavirus lockdown.

3 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.

4 months agoRead More
What is a home loan refinance calculator & how to use it?

Refinancing a home loan could help you lower the interest rates, thereby reducing your EMIs and overall loan burden. But, ultimately the decision whether you should opt for a home loan transfer is a personal decision.

4 months agoRead More
What Is a Loan Origination Fee? How to pay less on Home Loan?

While buying a home, it is easy to notice that there are many forms of costs that become a part of the entire process.

6 months agoRead More
The Impact of Debt-to-Income Ratio on Home Mortgages

You have a stable income, pay your credit card bills and loan EMIs on time, and boast a good enough credit score.

6 months agoRead More
Secured vs. Unsecured Lines of Credit

A line of credit (LOC) is an open-ended loan which can have multiple uses. It is a kind of revolving loan that is somewhat similar to a credit card.

7 months agoRead More
What is Debt-to-Income Ratio and how does it Impact your Home Loan Eligibility?

You are looking to purchase your dream home. After rounds of selection, you have finally found the ideal place that ticks all the requirements of your dream home.

7 months agoRead More
Home Loans Vs. Home Construction Loans: Which should you choose?

Home Loans Vs. Home Construction Loans: Which should you choose?

7 months agoRead More
Mortgage Loans VS Home Equity Loans

One can be faced with the need for emergency funds at any time. That is what asset management is for. Your assets are your fallback plan in case of emergency. In India house property is an important part of asset management. It is for such emergencies that elders always insist on acquiring a housing property.

7 months agoRead More
The Best Home Improvement Loan

The home is where the heart is! This statement holds true and that is why everyone likes to own a beautiful home, with the best fittings and interiors, etc. Many a time it so happens that while going in for home individuals like to be on the conservative end due to the exorbitant cost of owning a home that they do not factor in the cost for the home beautification.  The need for beautification or improving a home may also come up a few years down the line, after the purchase of the house.

8 months agoRead More
Home Loan With Overdraft Facility

Home loan is undeniably a long-term financial commitment that requires careful consideration before taking one. A lot of factors come into play towards the repayment of a home loan.There are plenty of home loan options, catering to the type of customers.

8 months agoRead More
Can You Claim Both HRA & Deduction on Home Loan Interest?

Every salaried taxpayer often wonders if the Income Tax Act allows him or her to claim a deduction for HRA and also for interest on home loan. The answer is that he or she can claim tax benefits on both home loan and HRA in the same financial year.

9 months agoRead More
6 Smart Ways to Prepay Home Loan

Own house is an aspiration for lower and middle-income earning groups in the country. A home loan is the most convenient option for this population to buy a house and pay over lifetime. The maximum tenure on a home loan is 30 years which is a major part of one’s life.

11 months agoRead More
How To Boost Your Credit Score Faster Before Applying For A Home Loan

A home is one of the costliest assets that an individual owns during his/ her lifetime. Given the rate at which real estate prices have increased in the recent past, it is no more possible for commoners to purchase a home out of their own funds. Hence the need for a home loan.

1 year agoRead More
What is the Process of Applying for Home Loan?

While buying a home, many people need some extra help, as not everyone has the financial wherewithal to buy a home. That’s where a home loan can help you. The fierce competition amongst lenders has led the market getting flooded with a multitude of home loan offers. It could be very easy to get confused.

1 year agoRead More
8 Tips to Reduce Your Interest Burden While Repaying Home Loan

The interest rate on a home loan is a major determinant in choosing the best home loan. As the maximum repayment period on a home loan is 30 years, the outgo on the interest amount alone could be double the principal amount, and it can be a huge burden to the borrower.

1 year agoRead More

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