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27 July 2017

How will GST Affect Your Home Loans? Some Facts!

GST! what is GST? Goods and service Tax. While The Government has been trying to bring in universal laws with taxes for the whole country, I am so surprised as we are paying taxes !!!service taxes, good, extra taxes, like, whenever we purchase any object or good and commodities, restaurant, every where we have taxes extra , so...this reflects in our bill.
GST has affected home loans and even possessions of homes as there is so much confusion among sellers with loss of planning and stationary , infra structure available to implement this GST. Then some sellers are at random applying any percentage of taxes in the name of GST and we also cannot question them!
You will see added sums in your home loan repayments and pre payments list. You will also see increase in your monthly EMI payments, and even though this may be a smaller amount monthly, it sure will add up on the long term basis in total amount payments of your home loan!
So some how if you notice the home loan lenders will take up the amount they have planned and maybe you will not get any concessions as to what they are advertising or promising as offers!
Home loans are also affected as whatever the changes in rules  , it is always the consumer who is affected, the common man, who has to increase the amount of paying taxes, One more in the list of payments for the home loan applicant!GST!
All the Best from Rizwana!
                                             Home Loans-Simplified Facts

I am not attached with any financial institution and am not responsible for any financial links posted as comments or financial loan lending advertisements here. Take care and surf information before committing!


23 July 2017

This Great Tip for Fast Home Loan Approval!

For better chances and fast loan approval  become a co-applicant for a home loan !
try to go along with your spouse or if you have  sibling willing to enter this arrangement then this will improve your chances to get a larger percentage amount as amount as home loan. 
Another important benefit is each person  takes a smaller amount as loan, that, which you may be able to bear single handed also. Divided , Joint home loans benefit the family as you minimize the risk of default and make arrangements for repayment schedule accordingly.
Any yes in today's times this is so important! Both joint applicants will get tax benefits! so use this to your advantage as savings. Yes, of course choose carefully your joint home loan partner. The best combination for getting your joint home loan approved would be with your spouse. Since this is family the lenders are accommodating with this combination and usually many men go in for a loan if they have regular finance available for repayment every month with a working spouse. 
Then , with this you are also not worried about monthly home expenses, as one of the spouse income can be kept aside for repayment of your home loan and the other can be used for home expenses. So if you have the money set aside or additional regular income every month then you can go in for joint home loan and the lenders will also approve it provided all your documents are in place.
Fast approval and you can avail a larger percentage amount of Home Loan!

                                        Home Loans-Simplified Facts

All the Best from Rizwana!


I am not attached with any financial institution and am not responsible for any financial links posted as comments or financial loan lending advertisements here. Take care and surf information before committing!