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    • Home loan December 28, 2009
      I have taken a joint home loan with my wife. But the hose is registered only in my name. My questions are 1. Can my wife claim claim tax benefit in a self-defined ratio or is there a ratio rule? 2. My house is let out and can we claim the full interest for tax savings 3. Is the principal savings is additional to other 80C savings like LIC. or should the tota […]
      venkat1977
    • Make $670,000 libertyreserve profit in 24 hours. December 25, 2009
      Make $670,000 libertyreserve profit in 24 hours. We believe that superior investment performance is achieved through a skillful balance of three core attributes: knowledge, experience and adaptability. There is only one way to be on the cutting edge - commitment to innovation. We do our best to achieve a consistent increase in investment performance for our […]
      hyip45
    • Home Loan - Partly Commerical Construction December 22, 2009
      Hi, I have a 60 ft by 25ft property in Bangalore. I plan to construct both residence as well as part commercial in the plot. The ratio of Commercial to Residential is 25% to 75%. Can I go in for a complete Home loan? Few banks are not too sure about this. Regards, Karthik D a Confused Soul
      kd_maximus
    • Home Loan Interest Rates - Vijaya Bank December 16, 2009
      enjagan
    • home loan December 15, 2009
      hi i had taken a home loan on the property where i stay. now, i have enough money ( 12 lacs ) to repay the existing home loan. my question is " should i repay the loan or invest this amount to some where else for better return ?". at present, i come under tax bracket of 20%, enjoying tax benefit of 150000 for loan interest payment. thanks in advanc […]
      bkchokhani
    • Home loan on existing property. December 15, 2009
      Hi, I have already taken home loan from ICICI bank on the property where I stay, now I want money for renovation of the same property. Can you please advise me, which loan I should go for and will that get clubed with the existing loan? Thanks in advance. Alpana
      alpana
    • Chaneg in Principal/Interest Component after partly prepayment November 27, 2009
      I have taken a Floating home loan in which the effect of change in Interest if any, is considered at the end of the each quarter. Now suppose in between I do a partly prepayment. After this how the Principle/Interest components are changed. I want to know about the Calculation/Formula for the same. I have used MS excel PPMT & IPMT formulas. It gives me t […]
      menap
    • Home Loan Balance Transfer November 20, 2009
      I have taken Home loan in 2006 and now looking for a balance transfer to different vendor. When I have taken the loan it was in my name. Can I transfer the loan to my husband's name while transferring the loan?
      getswapna
    • Terminology used in SBI home loans November 14, 2009
      Hi All, I have home loan with SBI and i want to know the below terminology they use in their statement FINE ARR ADJSTMNT INTEREST DEMAND PRINCIPAL DEMAND PART PERIOD INTER Thanks in advance Kishore
      mallakishore
    • dlf gardencity pvt. ltd.- Board of directors October 29, 2009
      [b] I am interested to buy property in dlf garden city at Indore. Before deciding i want to know who are the real management.
      kp maheshwari

Home loan insurance facts

Posted on September 4, 2008 by abhijitsetty

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 [...]

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Rising interest rates on home loan raise tenures

Posted on September 4, 2008 by abhijitsetty

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 [...]

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