7 Important Tips before Taking up a Home Loan

A home loan is a boon to almost all property buyers. It not only reduces the burden to finance the dream home, but also reduces tax liabilities to a certain extent. Here are 7 important tips one must consider before opting for a home loan, to reduce hassles in the process, as well as to save … Continue reading 7 Important Tips before Taking up a Home Loan

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Part 2- Guide to Buying Your First Home

In this concluding part, of the home buying series, I clarify all that you need to know about home loans from application till final disbursement. While choosing your lender, keeping in mind the basics such as interest rates and effective cost of the loan is essential. Let us now have a look at the steps involved … Continue reading Part 2- Guide to Buying Your First Home

Understanding your Home Loan Equated Monthly Installments

Home loan providers offer a myriad of loans that are designed to fulfill the diverse needs of home buyers. But, before opting for the right one, it is important to understand the most integral part of any loan, and that is, it’s EMI. So what is this EMI and how is it calculated? Let me … Continue reading Understanding your Home Loan Equated Monthly Installments

Insuring Your Family Against Loan Defaults

Loans are a convenient financial tool to help buy that dream home or the swanky new car. But, what if before repayment of the loan, the bread winner of the family faces an unfortunate event of death or disability? A Loan Protection Insurance could be a perfect tool at such times to ease the burden … Continue reading Insuring Your Family Against Loan Defaults

Buying Versus Renting a Home- Which Is a Better Option?

At some stage in life, many of us often face this dilemma- is it better to take the plunge and buy our own home, or should we just rent one? The “EMI versus rent” debate has been going on for quite some time. Where on one side financial advisers propagate home buying as an ideal … Continue reading Buying Versus Renting a Home- Which Is a Better Option?

Pre-EMI for Under Construction Properties

When buying an under construction home, developers often seek payment on the basis of the stages of construction completed. Catering to such requirements, Home Finance Companies (HFC), facilitate partial disbursements of the sanctioned loan periodically, in tune with the developers demands. For these partial loan disbursements, a borrower would be required to pay what is … Continue reading Pre-EMI for Under Construction Properties