Are you also planning to buy a home? Then, this blog post is surely for you as a person must be aware of how to save taxes while owning a property. Hence, in this blog post, we have listed all the important points to consider when you plan to buy a home. So, go through this post and get the answers to all the questions that are making you anxious about being a home owner.
Owning a home individually is definitely not a cup of tea for many aspiring homeowners. Thus, the need to opt for a home loan with the longest tenure is the one big thing that comes to your mind. But, now with the option to avail huge tax benefit you as a home buyer must look for a smart option and i.e. having a co-borrower to avail home loan.
Every loan borrower has the determination to pay-off the home loan amount as soon as possible. But, paying off the last and final EMI [Equated Monthly Installment] is not enough to get away with the property papers kept in the bank custody. In fact, there are multiple formalities that you should complete to make life free from the financial assistance that was availed for buying a home.
Scroll down the page and go through the other important things to do after the closure of your home loan.
Are you in your 20s with a good job, better salary and planning to put in your hard-earned money somewhere? Then why not invest in your dream home! Yes, gone are the days when people use their lifetime savings in one go to buy their dream home at a much higher age.
These days almost all the working professionals who have just started their career find investing in a home as a best option to manage their financial goals and making a dream asset which also provides them a secure future.
Planning to avail home loan? Then be cautious and go through this blog post as we help you know all about choosing a perfect home loan lender. But, before offering tips about the same let us quickly know about the kinds of lender and how they are different from each other. So, scroll down the page and start reading:
Owning a home is a big thing thus the process to apply for a home loan and getting it sanctioned is a tough task. But, apart from this you the aspiring homebuyer must also know the amount that can be availed under a particular loan as each of the home buyers has a budget when it comes to purchasing a property. So, below we are listing all the key factors that help one understand a loan amount you can avail to purchase a home:
Getting home loan sanctioned is a must thing as you the aspiring home buyer requires financial funding to buy a abode. But, before getting the loan sanctioned the applicant is required to submit the loan application form which is assessed by the lender and the lending institution is the one who lets you know the exact loan amount that an aspiring home buyer can avail. So, keep in mind the below-mentioned points and increase the chance to avail the maximum amount of a home loan:
The feeling of being a homeowner is amazing but the interest rate at which the home loan amount has to be paid off will amaze you for sure. So, inspite of depositing a huge sum of amount in calculation to the higher interest rate, consider the below-mentioned points as they are helpful to secure low-interest rate. The revision of CRR, Repo Rate and others impact the rate of interest hence consider these points to pay less:
Being a homeowner is a prestigious thing but some time the owner has to sell off the property in which he/she has invested not only financially but emotionally also. But, property comes in relation with money so, if you are in doubt over selling–off a home with an outstanding home loan then here are the things to consider. Apart from the Seller, the home buyers are also required to check if the property you are interested in is debt-free or not.
We have mentioned various cases that both the homebuyer and the seller faces while carrying out the property transaction deal for buying/selling a home with an outstanding home loan:
Being a homeowner is not an easy task as the entire procedure of availing home loan makes a person run from pillar to post. But, apart from comparing the financial institutions and documenting paperwork, the home loan applicants do not consider few essential terms which mean a lot to them particularly while repaying the home loan. So, here in this blog post, we help you known about the financial terms that sound heavier than owning a home: