HOME LOAN
What is a home loan and how does it work?
A mortgage is a loan from a bank or lender to help you finance the purchase of a home. When you take out a mortgage, you make a promise to repay the money you’ve borrowed, plus an agreed-upon interest rate.
Government-insured mortgages
Under this system of taxation, the tax rate diminishes as the taxable amount increases. In other words, there is an inverse relationship between the tax rate and taxable income. The rate of taxation decreases as the income of taxpayers increases.
Fixed-rate mortgages
A proportional tax is an income tax system that levies the same percentage tax to everyone regardless of income. A proportional tax is the same for low, middle, and high-income taxpayers.
Adjustable-rate mortgages
A progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. That means it takes a larger percentage from high-income earners than it does from low-income individuals.
What We Have Here for You
We provide financial stability to our clients and help them achieve their goals .
Home Purchase Loans
A home-purchase loan amount is utilized to buy a residential property. Financial institutions usually provide up to 80-85% of the market value of the house as loan amount. The interest rate on these loans is either fixed, floating or hybrid.
Home Construction Loans
A construction loan (also known as a “self-build loan") is a short-term loan used to finance the building of a home or another real estate project. The builder or home buyer takes out a construction loan to cover the costs of the project before obtaining long-term funding.
Home Improvement Loans
A home improvement loan is an unsecured personal loan that can be made without providing any collateral. Unlike some home-related financing, you won't need to provide your home title. It's not a mortgage or a reverse mortgage and won't put your home at risk
Home Extension Loans
A home extension loan can be availed by someone who wishes to make any structural changes to their existing house to add more living space. These loans can be availed for up to 90% of the construction estimate for a maximum term of up to 20 years.
Land-Purchase Loans/Plot Loans
Land Loans are funded for purchase of land for construction of residential/non-residential property. You can also avail funds for construction based on the construction cost estimate. The construction has to be completed within a period of two years from the date of availing the loan
Balance Transfer loan
Balance transfer of loan is the process where a customer transfers his outstanding principal amount to another bank or financial institute primarily for a better rate of interest and also better features. ... Balance transfer reduces you interest rates and finally enables you to save on the interest you have to pay.
to make your dream come true.
every business needs to be on the ball when it comes to their bookkeeping, no matter how big or small they are. If you’re not sure about where your small business bookkeeping can be improved, don’t worry. We’ve put together a checklist that will make sure you’re not forgetting anything when it comes to your bookkeeping.
FAQ
Your Home Loan eligibility depends on various factors like age, income, debt repayment history etc. The eligibility criteria differ from bank to bank. But, before you decide on the loan amount, it’s smart to evaluate your current financial situation and determine how much money you can comfortably shell out each month
Before you approach any bank for a loan, it’s important to find out how much you will be spending each month on your Home Loan EMIs to avoid any nasty surprises later.
The interest rate
The rate of interest on your Home Loan can have a major impact on your EMIs and your total interest outflow. Shop around for lower interest rates before choosing a lender.
Your Credit Score has a major impact on the approval of your Home Loan application. Your score is based on your previous borrowing and repayment credit history. If you have a high Credit Score, you are more likely to get a better Home Loan deal with the bank.