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 […]
Month: June 2021
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 […]
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 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 […]
Get an instant loan at 0% interest, pay off after 90 days | Indiafleurit
Are you looking for an instant solution for better management of the emergency cash shortage? In such cases, looking for instant loans at 0% interest might be the most reliable solution! It easily uproots all the hassle of loitering while trying to fund your business or make academic expenses even just to deal with short […]
Tips for lowering mortgage interest rates
Having your own home is one of the most surreal feelings in the world. Many who have lived in rented accommodation all these years are anxious to arrange a down payment and take out a mortgage to finance their home. Instead of paying the rent to the landlord, one can plan and buy a house […]
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 – […]
What is the difference between an installment loan and a revolving debt?
LOS ANGELES, June 14, 2021 / PRNewswire / – Two common types of debt are installment loans and revolving credit. Both can be used for a variety of purposes, from personal expenses to debt refinancing and more. Borrowers complete a credit application and go through a formal credit check to be considered for either, and […]
What is an instant loan?
An instant loan can seem like an easy option when you are in dire need of money and don’t have strong credit. Within a day or two of an instant loan approval – sometimes the same day – you can quickly receive cash to cover unforeseen costs like a car repair or a medical bill. […]
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 […]
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 […]
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, […]