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Home Loan

Avoid house re-possession!

With the present property prices, it is almost inevitable to purchase a house without taking a home loan. The responsibility and challenges of a homeowner does not end after going through the procedure of getting the loan sanctioned and purchasing the home. The homeowner has to constantly pay back through monthly installments and with the rapid passage of time, one is always in the fear of repossession; due to the economic con... Read more »

Posted   on Apr 29, 2013

Know about bridge loans here

Bridge loans are designed to bridge the gap between a new plot and the one that is sold. It helps in financing the new home until a buyer is found for the old home. The difference of amount between the two homes is financed by bridge loan. To elaborate, if you are trying to purchase a new property and selling the present one to raise money for the new purchase valued at higher price than present property, there must be financi... Read more »

Posted   on Apr 15, 2013

Facts regarding Home Construction Loan

Home Construction loan is a loan that is available for the funding the renovation of an existing home or construction of a new home on a plot. It is often times confused with home purchase loan; however, there is a wide difference between the terms and conditions of the two loans. In this article, www.makaan.com elaborates on the facts regarding home construction loan.... Read more »

Posted   on Apr 5, 2013

Preferred mode of payment while purchase of home

During the purchase of a home, there are three main types of payment plans that are popular in India namely, Construction-Linked Plan (CLP), Time bound plan and Down payment plan. The preference of one plan over another depends upon an individual’s urgency to buy a home as well as the financial situation.... Read more »

Posted   on Apr 2, 2013

Being a loan guarantor is a risky business!

A loan guarantor is someone who is legally bound to pay a debt or loan in case the person taking the loan fails to do so. The loan guarantor is bound under an obligation by the bank and therefore the bank has specific requirements that have to be met by a loan guarantor. A loan guarantor has to have a good credit rating and the banks usually do not approve anyone with a bad rating due to an incapability to pay. ... Read more »

Posted   on Mar 26, 2013

Home Improvement Loan

In the present days when the property prices are reaching heights, home improvement seems to be an intelligent and viable option. There can be both minor and major changes that be brought about in the house, for instance, painting the walls, changing the flooring, adding new fixtures to bathrooms, changing the cabinets in kitchen, modernizing the heating and air conditioning systems, constructing an additional room, and much m... Read more »

Posted   on Mar 25, 2013

Property price trends for Buying a property in Delhi / NCR

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