Nevertheless, there is no need to back off from
taking home loans.
However, we have nothing to do except
taking home loans in order to buy a house as there is no opportunity to buy it for cash.
A greater portion of Gen X-ers
took home loans than Millennials, but their averaging was slightly lower at $ 25,600, or 26 % of their balance.
When you are
taking a home loan to pay for the rest of the property price, it is important that you choose a good lender and borrow in a manner so as to maximize your savings.
Till at least six months ahead of
taking a home loan, do not apply for a new credit card or any other loans.
If you intend to
take a home loan yourself, do not think of co-signing a loan with anyone prior to it, even if he or she is a very responsible person.
May be it is wiser to invest as much as you can in equity oriented schemes instead of
taking a home loan (if it is not a priority).
Taking a home loan is not as easy as buying furniture, and there are several terms and conditions and jargons that need to be decoded.
Please note I have
taken home loan of 36 lakhs.
But never
take your home loans lightly.
Those who have
taken home loans recently will be able to give you the best idea.
If
you take a home loan for $ 175,000 and pay 1.5 % more than your neighbor who has excellent credit, you would pay $ 175 more each and every month than your neighbor!
When should I show that I have
taken home loan for ready to move flat when I will get tax benefit of it?
The tax benefits for people
taking home loan has been reduced and this is not favorable news for borrowers in the market.
I had
taken a home loan from my father - in - law some time back, in addition to the loans taken from bank.
He had
taken a home loan (though he can afford to pay for in cash).
My wife's Mausi is retired and has contributed for
taking home loan.
Please advice I intend to
take home loan with my father being the co-owner and co-borrower.
me and my wife
taken home loan jointly (co-owner).
I Am New To this & Planning To
take Home Loan for 25 lakh for the tenure of 15 years in the name of me & My Wife in this month itself... So Let me Know how to move is it with MCLR OR BASE rate... & which is advantage
1) In that case if i make my wife as a co.borrower of loan and co - owner of property (she is also earning lady) for
taking home loan, what the interest rate should I have to pay 2) 9.35 interest rate of sbi is floating interest rate or is it fixed?
I have
taken home loan from LICHFL 2 years ago on 10.25 % interest rate.
I am
taking the home loan from LICHFL where they have insisted uploan including her name also as co-borrower.
I am planning to
take the home loan from sbi please explain how this new MCLR is linking with home loan with some what example and which is best to choose of reset date like 3 months or 6 months or 1 year
Dear Deepak, To start with I do nt think it may not make a big difference to
take home loan before april or in april 2016.
For example let suppose
i take a home loan at 9.70 % +0 % = 9.70 % where 9.7 is the existing base rate and 0 % is the spread.
My father wanted to buy there part i.e 2 / 3rd of my uncle, in that case i am planning to
take home loan with my brother both together to pay there part.
Hi, My husband & I plan to
take a home loan and I am continuing my maiden name as in I have not taken up my husband's family name, will this in any way affect us in getting the home loan?
I have
taken home loan from SBI on floating interest rate 10.15 % in April 2015 (on 15 bps above BR 10 %).
When you are
taking a home loan, you are getting into a long term commitment with your lender, so do clear all your doubts, before you sign a final agreement.
I took a home loan from SBI in first week of December 2015 at 9.25 (MCLR 8.90 and spread 0.30), the MCLR within a month has now reduced by around 100 basis points as of today (after today's reduction news of 90 basis points).
Can me and my brother can
take a home loan for which we can take a tax benefit.
I will be
taking the home loan while my father will be making the downpayment 1.
I am
taking home loan in the name of wife (housewife).
We are planning to
take home loan..
We have
taked home loan of 16 lakh.
i had
taken home loan in 2012 from idbi bank of Rs 1150000 / - with floating interest rate @ 10.75 % for the tenure of 20 years, now running floating interest rates of bank is 9.5 %.
I have
taken home loan from HDFC Bank.
Let's say
I take home loan which I undestand is linked to 1 yr MCLR, so here would that be reset every 3m or 6m or 1 yr & at whose description bank or customer
hi sir, i have
taken home loan with my mother as co applicant and co owner... can you please explain how can we both get tax benefit for tax exemption...
i have
taken a home loan from bank for the same in which we are the co applicants.
Hi, i have
taken home loan in march 2015 from lic housing for 72 L, currently balance is 69 L and rate if interest is 9.4 %.
Dear Sir, Am planning to
take a home loan.
I have
taken a home loan from SBI in Aug 2015 at 9.3 % base rate but now my current base rate is 9.1 %.
Hi Sreekanth, I am planning to
take home Loan for purchase of a Plot in a developed layout.
Dear Srikanth Me and My wife has
taken a home loan and we both are Co-Owners of the Property, Although the entire EMI is deducted from my Account, i have few questions related to how i can claim decuttion on Interest paid 1) My first EMI started on 10 Feb 2015 but loan was sanctioned on 17 January so a Pre-EMI interest was also applied Can i claim that amount??
Also can the lady (now divorced and single)
take another home loan while continuing the previous one and being co-owners with parents in the 2nd home loan?
Hi Sir, I am planning to
take home loan from SBI where the interest rate for women is about 9.30 ℅ whereas it is 9.35 ℅ for other i.e. me.
So if you intend to
take a home loan or any other loan for that matter, make sure you maintain a good credit history.
You need to be aware of all the various aspects of
taking a home loan, before you actually apply for one and knowing what can cause your application to get rejected is an important part of it.