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Home loans for contract employees
(Dec 2, 2005)
All housing finance companies (HFCs) have certain guidelines to help determine the home loan eligibility for individuals. One such set of norms happens to be for individuals who are employed ‘on contract basis’. This note explains how these individuals are evaluated by HFCs and the rationale behind it.
Home Loans : Tutorials
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Top-up loans: An opportunity?
(Sep 1, 2005)
There are many advantages of buying a house by taking a home loan from a housing finance company. Availing a top-up loan is one such benefit. Existing borrowers can opt for a top-up loan by virtue of the existing home loan to finance their various requirements.
Home Loans : Tutorials
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Read all about renovation loans
(Aug 18, 2005)
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.
Home Loans : Tutorials
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6 reasons why a home loan could be declined
(Jul 14, 2005)
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.
Home Loans : Tutorials
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Step-up loan: An idea worth considering
(Jun 3, 2005)
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?
Home Loans : Tutorials
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Processing fees: Get a better deal
(May 27, 2005)
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.
Home Loans : Tutorials
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Loan against property – A viable alternative
(May 20, 2005)
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?
Home Loans : Tutorials
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Fixed rates loans: A reality check
(May 13, 2005)
The housing sector has seen a boom in recent years. Interest in real estate has gone up several notches. Home loans rates have never looked so good! In such a scenario, many individuals have decided on buying a house for themselves to benefit from all-time low rates.
Home Loans : Tutorials
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Add life to your house
(Jun 9, 2004)
Cracks on walls, bad wiring, leaking roofs can give you a nightmare if you have spent all your resources on buying a house. But don't lose heart for you can get the cost of such repairs financed. Home loan companies offer home improvement loans to finance the cost of tiling, plumbing, electrical work, grills, woodwork, painting, compound walls and almost all improvements
Home Loans : Tutorials
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5 steps to selecting a home loan
(May 18, 2004)
This article was carried earlier on Personalfn with the title “The road to your home”. However in view of the renewed interest displayed by visitors and the article’s relevance in the present scenario, we have decided to carry the same again.
Financial Planning : Tutorials
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