Sentences with phrase «outstanding home loan»

If one has 10 year service, can make a partial withdrawal to part pay outstanding home loan amount.

-- If you have home loan then you make advance withdrawal to clear outstanding home loan but for that service period criteria is 10 years.

If you have taken home loan then you can make partial withdrawal to make part - payment of outstanding home loan principal.

The amount you owe on outstanding home loans divided by the market value of your home is considered the combined loan - to - value ratio.

Home loan refinancing is when an existing outstanding home loan is replaced by a new home loan that will be secured by the same asset as the prior loan.A...

The maximum allowable loan - to - value ratio for a cash - out refinance is 80 %, meaning that your total outstanding home loan balance after the refinance is complete can't exceed 80 % of the value of your home.

Term insurance plan can back you up by meeting household expenses and liabilities like outstanding home loans / auto loans, for instance, that the family will have to pay off in your absence.

According to The Center for Responsible Lending, as of November, 2007, subprime loans only accounted for 14 % of all outstanding home loans.

Lets say you have an outstanding home loan of Rs. 40 lakhs and your current bank (Bank ABC) is charging you an interest rate of 11.5 %, and you are still 20 years from clearing your loan.

A refinance home loan can feature a lower rate or a higher rate than the outstanding home loan.

Since a bad credit score will not let you get a lower interest rate (unless your outstanding home loan was requested in worst conditions), you will have to request a longer loan length in order to get lower monthly payments.

Consider a 30 - year - old married male, with a child, who has a monthly income of Rs25, 000 and an outstanding home loan of Rs10, 00,000.

When it comes to a term plan, not only does the amount cover the outstanding home loan — other financial needs of the borrower's family can also be tended to with the balance amount in the event of borrower's untimely death.

If you, as a bread winner of the family meet with an unfortunate demise, you may leave behind a lot of costs and liabilities like education expenses of your children, outstanding home loans or just simply maintenance costs of living.

For example, your outstanding home loan will keep going down over the next few years.

For example, Rohan has bought a term plan of Rs 50 Lacs cover, so his family can repay the outstanding home loan.

However, the home owners say instead of getting their loans restructured, they ended up with two outstanding home loans, and their homes ultimately went into foreclosure.