Home Buyers

With RBI's decision to keep the Repo rate unchanged interest rate on home loans continues to be the lowest for almost a decade now. So here are the tips to boost your home loan eligibility and buy your dream home now. Home loan lenders consider multiple criteria while evaluating home loan applications. Your application may get rejected when you fail to meet those. But by knowing the back end process of...

So you have finalized your home! So far so good… Finding the right Home Loan is the next thing in your mind. The interest rate on home loans is one of the primary concerns and deciding factors when finalizing a home loan. There has been a continuous reduction in interest rates by RBI to boost Real-estate sales. A small difference in the interest rates offered will make a huge difference for you...

A home loan is a long haul obligation, considering the fact that its repayment might stretch up to 30 years. This loan helps you own a house along with availing tax benefits; however, it also impacts your present and future finances. Therefore, you should pay off the loan as soon as possible by carefully managing related factors like repayment tenure and monthly instalments. If you plan to foreclose...

This is the time one should consider switching his home loan to a PSU bank to avail of the benefits of lower home loan rate.  Home loan rates have fallen to as low as 6.7% as public sector banks have mostly passed on the repo rate cut announced by the Reserve Bank of India over the last four months. PSU banks including the State Bank of India are now charging between 6.7-7% interest rate on new...

How can a buyer, who does not have sufficient liquid money, arrange for the down payment to buy a house? We look at some of the options one can consider The Corona virus pandemic has forced many people who live on rent, to start considering a home purchase. Even in a post-COVID-19 world, remote working would become common in our professional lives, while being at home and maintaining distances...

The first step while considering the purchase of a property, the buyer has to ensure that the legal title of the property is clear – Encumbrance certificate says whether there is any lien/charge on the property, or if there are other owners/claimants to the property other than the seller, if the property has been mortgaged or if there is an existing housing loan against the property or if the property...

Nothing can match the joy of buying a Home! We all take months to finalize a property, and then invest our hard earned money and lifetime savings in buying a Home.But that’s not where your Home buying journey ends. Most of us are unaware of the post purchase paperwork that we would need to complete.Managing the countless legal paperwork which one requires to do for buying a Home is an extremely lengthy...