1. Due to global recession world wide the interest rates are being cut across the board and India is not immune from it. All the main banks of India namely SBI, Bank of Baroda, ICICI, Axis Bank, HDFC and Oriental bank of commerce are contemplating the rate cut.
2. Thus if you intend owning a home than do remember to undertake the negotiation session with the home loan provider as well as with the real estate agent to negotiate the price as they are ready to throw freebies like free airconditioning etc as it is becoming difficult for home loan developers to service their loans and thus are ready to sell the developed plots at cost to cost basis.
3. Even SBI is offering the most competitive finance for DDA flats in Delhi and is charging minimum i.e. close to Rs 5000+ per application for financing of each application. However other banks are charging Rs 6000+ upwards for the finance of each application.
Showing posts with label home loan tips. Show all posts
Showing posts with label home loan tips. Show all posts
Saturday, 8 November 2008
Thursday, 7 February 2008
Housing Loan Rate Vs US Fed Rate
1. US Fed rate influences the home loan rates as the rates of central bankers in the countries are genrally pegged with US dollar.
2. Thus one can expect a fall in home loan rates whenever US Fed rate falls and thus one can be on the right side of the loan rate of interest.
2. Thus one can expect a fall in home loan rates whenever US Fed rate falls and thus one can be on the right side of the loan rate of interest.
Sunday, 23 December 2007
Taking Home Loan is Ideal for Buying a House
Easy Home loans to buy a house are readily available at very competitive rates for tenures ranging from 5-20 years and the loan processing time has also been made quicker and simpler by the home loan lending agencies.
1. A number of types of home loans are available and has taken a number of shapes in view of it being a buyers market.
2. Pre-approved home loans are sanctioned on the basis of the applicants credit worthiness and are valid for a period ranging from 6 months to 12 months.
3. With a pre approved loan in hand one has a better bargaining power as distribution of such home loans starts as early as in a weeks time.
4. Nonetheless if you have finalised the home and want to apply for the home loan than the whole home loan disbursement process generally exceeds a fortnight as it has to be approved by the regional head office and is generally available in a week time.
1. A number of types of home loans are available and has taken a number of shapes in view of it being a buyers market.
2. Pre-approved home loans are sanctioned on the basis of the applicants credit worthiness and are valid for a period ranging from 6 months to 12 months.
3. With a pre approved loan in hand one has a better bargaining power as distribution of such home loans starts as early as in a weeks time.
4. Nonetheless if you have finalised the home and want to apply for the home loan than the whole home loan disbursement process generally exceeds a fortnight as it has to be approved by the regional head office and is generally available in a week time.
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