A mortgage loan, simply known as a loan against property, is the best option to get a higher amount of money at a reasonable interest rate. In this, you’ll have to pledge your property as the collateral. However, interest rates purely depend on the len...
Showing all posts tagged mortgage-loan:
Simplify Your Home Loan by Mortgaging Existing Property and Avail a Mortgage Loan
When you think of a home loan, the biggest fear is the vast EMIs that one has to pay every month to own new property. Houses make amazing long-term investments and provide great value for money.
Instead of bearing the brunt of having to acquire a loan ...
Know the value of CIBIL Score for Loan Against Property
The importance of CIBIL score increases when you are going to take a loan against property. The higher is the credit score the higher are the chances to get approval for loan at a low interest rate. If the credit score is 750 out of 900 then it is the ...
What is Bad about Reverse Mortgages?
No, reverse mortgages are not bad but it is not very successful in India. People in India have sentiments associated with their properties, especially their first home and they wouldn’t want to lose that at any cost. Plus, if old couples, people who ar...
How Self-Employed Individuals Can Ensure Eligibility for a Loan Against Property
A loan against property can be a conducive solution to all business related financial needs. However, in order to get approved you’ll have to qualify the eligibility conditions. For instance, your repayment capability is the first criterion that lendin...
Guide: How to Lower Down Interest Rate on Your Mortgage Loan
Everyone planning or already applying for a loan against their property have certain expectations. For instance, a majority of loan applicants would want the mortgage loan interest rates to be on the lower side. On the other hand, there would be people...
Major Drawbacks of Reverse Mortgages
A reverse mortgage is a scheme where senior citizens can relinquish equity on their home in exchange for a loan amount. It is not very popular in India due to the following reasons:
Attachment to Homes
In reverse mortgages, customers ha...
Tax Benefits Available When Availing a Loan Against Property
There are many instances in our lives when we require an instant influx of cash but owing to the high interest rates and strict eligibility criteria, we are unable to do so. During such times a loan can be a blessing in disguise as it offers high value...
Benefits of Using a Loan Against Property to Renovate your Home
Home is where we are at peace and experience the maximum tranquility. We come back after a long day at work and as soon as we enter our homes we are greeted with the comfort that we are accustomed to and greeted by the people closest to us.
Despite ...
Factual Lowdown On Secured Loan You Must Know
With the popularity and growing acceptance of digital platforms today leading lenders offer easy finance in just a few steps. The entire loan process can be concluded online in less time and effort.
The thing with secured loan is that they can be av...
All About Mortgages
All About Mortgages Financing, is the basic guide to overview upon secured loan and issues on finance niche. The main purpose is to share the essentials about loans and insurance. Several categories of Loans, Interest Rates, Calculators, Eligibility Criteria are covered over here.