Contact us

Comments

Post a Comment

Popular posts from this blog

What comes next in the process of a loan accepted?

When you apply for a loan and submit all of the required mortgage application documents to the loan officer, your application will undergo an underwriting process. The underwriter will determine whether you are approved for your mortgage loan. Once approved, the lender will provide you with a commitment letter and require you to meet certain conditions before closing. Disclosure Forms The loan officer must provide you with important disclosure forms required by law. The most significant forms are the Good Faith Estimate and the Truth-In-Lending Disclosure Statement. The Good Faith Estimate form outlines your settlement and closing costs. The loan officer should provide this form to you within three days after you submit your application. The Good Faith Estimate form does not provide the actual closing costs; however, it provides an estimate of the costs you are likely to incur during closing on the mortgage loan. The Truth-In-Lending Disclosure Statement details the total cos...
Read more

What is the best way to pay off a home loan faster?

Image
I have something better - how you can pay off your home loan and  get your house for free in 20 years. Being Indian is not easy. The societal pressure is, for the lack of a better word, crippling - score better marks than your neighbour’s son in school, get into a good undergraduate college, build your CV and crack very competitive examinations for your post grad, complete your post grad, get a job, get married, start a family, phew ! Which gets us to the last leg of societal checkbox - buy a house. Coming from a middle class family, I understand the pressure. So the least that you can do for yourself is  get that house for free , by making your money work for you. Yeah - you read that right. This can be done by being aware of the concept of compounding, that Einstein called ‘the most powerful force in the universe’ [ Link ] As I’m a classy guy and I like keeping things crisp - let’s get right down to it. Let’s say you’ve chosen an amazing flat in an up & coming ...
Read more

Is SBI home loan is good?

Interest Rate SBI Home loan interest rate starts from 8.35%, which is one of the best rates available in the market. The rates vary depending upon certain criteria, like occupation, the quantum of income, nature of the loan, etc. Loan Amount SBI Home Loan Floating Rate for Female Borrower Up to Rs. 30 Lakh 8.40% 8.35% Rs. 30 Lakh – 75 Lakh 8.55% 8.50% Above Rs. 75 Lakh 8.65% 8.60% You definitely want to ensure that your lender provides auto-adjusted benefits on interest rates that extends into the future. That’s the reason why you need a credible lending institution with a dedicated and experienced workforce who will guide you through the entire process. Features of SBI Home Loan SBI Home Loans are available for both salaried and self employed. Special rates for women customers. Home Loans granted to age group between 18 to 70 years. Security: Generally Mortgage of property you are planning to purchase, renovate or construct. Loan to Value Ratio is 90%. Tenure of...
Read more