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Processing fees: Get a better deal
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personalfn.com
There are different charges individuals have to pay to avail of any service. Home loans are no different. A processing fee has to be paid to the housing finance company (HFC) for the home loan.
Loan against property - A viable alternative
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personalfn.com
Retail loans have seen a spurt in recent times. With the economy 'shining' and salaries heading northwards, individuals haven't really felt the pinch of borrowings as their disposable incomes have risen. But personal loans have not seen the spangled growth experienced by home loans or car loans. Blame the high interest rates. Individuals though do have the option of going for a loan against property. So how does it work?
Read all about renovation loans
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personalfn.com
Various types of loans are available with housing finance companies (HFCs) to suit the needs and requirements of different individuals. These offerings are in addition to the basic home loan for the purpose of buying a house. One such type of loan is a renovation loan. We have evaluated the characteristics of the renovation loan and its utility to individuals.
Step-up loan: An idea worth considering
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personalfn.com
The home loan industry has never looked healthier. With real estate experiencing a boom, prices are heading northwards. Housing finance companies (HFCs) are falling head over heels to woo the borrower with value added services and flexible products. The step-up loan is one such product, which offers the much-needed flexibility to the borrower. But what is it and how does it work?
6 reasons why a home loan could be declined
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personalfn.com
Individuals applying for a home loan get upset when their applications are turned down. Of course, there are reasons for the same, but they are not adequately conveyed to the individual. The agent interacting with the individual needs to be more proactive about it and let the individual know upfront what could go wrong with his home loan application. Here, we take a look at some of the reasons why individuals may be unsuccessful in applying for a home loan.
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