Refinancing a loan is where we change the interest rate levied on the loan or the tenure of the loan. Technically, a new loan is taken that is used to prepay the existing loan. This option is available only for home loans. We look at refinancing an existing home loan for one or more of…
Owning a home of our own is a dream for most of us. According to a RBI report, 84% Indians have invested in properties to own houses. In fact, unlike before when people used to buy properties late in their careers, people are now investing when young. This is because of many reasons like high…
A secured loan means, pledging ‘security’ i.e. agreeing to repay the loan on time. They come with many features. It is important to learn about the loan-types, unsecured and secured loans, to make a suitable decisions. Learn the most important things about a secured loan. 1.You will have to pledge an asset with your lender…
To convert the dream of ‘owning a home’ a reality, you may have to go through a daunting process like looking for the suitable property, accumulating for down payment, applying for a loan, and a lot more. Especially, when you are applying for the loan for the first time, you may face many setbacks. It…
It is a huge decision to buy a house. When you are taking such a big decision, you need to be well-prepared and take the right path. The first thing to do is to accumulate enough before making any down payment to avoid financial risks. Never take the below listed financial decisions to makeup for…