Home loan insurance facts

It ensures that the home loan debt doesn’t continue beyond the borrower’s death.
Home loan insurance should be bought as term insurance or regular premium term insurance for tenure at least equal to the loan tenure and for a sum that equates the loan amount.

Another type of home loan insurance is a mortgage reducing term insurance [...]

Rising interest rates on home loan raise tenures

The home loan interest rates that have skyrocketed recently made the existing home loan tenures jump up considerably for most of the borrowers. Floating rate home loans have been touching 12 percent mark and the home loans which were taken at around 10 percent have witnessed a considerable hike in tenures.
Many borrowers found out the [...]