Home loan

0% home loan offered for teachers and first responders

Soon it might be easier to buy a house A new no-down mortgage option may soon be here, at least for teachers, police, firefighters and other first responders. The HELPER law, which was recently introduced in the House of Representatives, aims to create a mortgage program only for these professionals. In many ways, this new […]

Home loan

VA Home Loan Requirements for 2021

What Are the Minimum Requirements for a VA Home Loan? The first requirement for a VA home loan is that you must be eligible for VA loan benefits. Most Veterans, Military, National Guard and Reservists are eligible. Other requirements include decent credit (usually 620 or more), stable income, and stable employment. Fortunately for veterans and […]

Home loan

5 Ways New Home Loan Borrowers Can Reduce the NMI Amount

Taking out a home loan is an important decision. If you don’t do enough homework to focus on the best possible deal, it can get expensive because a mortgage is a long-term loan that often lasts for 15 to 20 years. For example, a critical factor that will help you decide which lender to approach […]

Home loan

Home loan supplement: what will be the tax impact if I lend money to my housewife from a complementary home loan that I have taken out?

I had received an additional loan of Rs 40 lakh at 7.35% to invest in land on my existing mortgage and the amount was credited to my account a few days ago. However, given the prevailing pandemic, it looks like my investment could be delayed for two to three months. My housewife, who earns around […]

Home loan

Godrej Housing Finance launches the “design your EMI” mortgage product

Godrej Housing Finance (GHF) has launched a ‘design your EMI’ home loan product to allow clients to customize their monthly equivalent payments (EMI). It’s about optimizing their cash flow and reducing the cost of home ownership. Manish Shah, Managing Director and CEO of Godrej Housing Finance, said IMEs can be tailored to client needs – […]

Home loan

5 advantages of benefiting from an additional home loan in the event of a financial deficit

Here are 5 major advantages of having a complementary home loan over alternative options such as a personal loan, a credit card loan, and a car loan. Just like other consumers, existing home loan borrowers can also use additional credit facilities to finance major expenses such as home renovations or renovations, car purchase, children’s higher […]

Home loan

Advantages and disadvantages of taking out a joint mortgage loan with a brother or sister

Priya has realized that buying a house is not easy in a metro like Delhi, where she has worked with a famous design house for seven years. She is originally from a small town and has always dreamed of having her own house in the city, not too far from her workplace. Unfortunately, she found […]

Home loan

Tips for checking your home loan eligibility with co-applicant, existing loan and credit score

Your credit history and credit score show your previous repayment history and also help lenders decide on your home loan eligibility. Home loan interest rates at most banks and NBFCs are currently low and even residential property prices are not rising rapidly. However, homebuyers may need to accelerate their buying decision. In the post-Covid-19 world, […]