Home loan repayment is categorised into repayment of principal amount and the interest on the home loan.
My brother lives in a 30-year-old house which he bought 10 years ago with his wife as co-owner and co-borrower.
PMAY subsidy is applicable for first-time home buyers, who will be the end users.
PMAY-Gramin is applicable for benefi-ciaries in rural areas for self-construction of pucca houses.
The home loan eligibility will be based on your income and repayment track record.
For availing the PMAY benefits, the household or beneficiary’s family should not own a pucca house anywhere in India.
You can avail a joint home loan with a younger family member that will help increase eligibility, tenure, tax benefits…
While most lenders offer floating Rate of Interest (ROI), a few lenders offer fixed ROI. A Fixed ROI is constant…
Usually lending institutions give an option to take a joint home loan with as many as six co-applicants and minimum…
For a second home loan the amount granted to you will depend on your monthly income along with assessment of…
Joint applicant’s name should be on property deed to avail of tax benefit
Budget 2018: Housing finance is perceived to be the third most impactful industry contributing significantly to the economy and with…
The government’s initiatives like Credit Linked Subsidy Scheme and Rera will help first-time home buyers and create demand for affordable…
Owning a house is one of the most important dreams one has and a home loan helps people realise it.
The Real Estate (Regulation & Development) Act (RERA) which came into effect on May 1, 2017 is a significant initiative…
WITH low interest rates likely to continue for some time, people need to understand various aspects of their home loans.
India’s housing finance sector has remained relatively underpenetrated compared to its peers as evident by its low mortgage-to-GDP ratio (9%…
A second home loan may seem daunting, but if implemented correctly, can lead to a great deal of savings on…
