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26 June 2014

How your Home Loan can Save you an NRI From Financial Losses with property investments

How your Home Loan can Save you an NRI  From Financial Losses with property investments, yes taking a home loan might just be the one simple step that helps to save you, an NRI from huge financial losses.
Today investments are going towards only one direction, property. With so much fluctuations in market and shares and unpredictable situations it is the best form of investment for NRIs to invets in land and property in India.
One thing that usually happens is NRis visit India on a short trip look at some few places and invest in the property. Things sometimes can go totally wrong with so many unknown factors in buying  homes and land.
How can a home loan save you as an NRI while you invest in property here back home, is that the first and foremost approval of home loan requires that the house or land be approved of legal status. This is of utmost importance to have a clear title land or property.  

Home Loans Simplified Facts
Later on issues come up which will not only end you up in legal mess but also chances of you totally losing the property to another claimant. Land also may not have clear title of non agricultural land NA status which again needs that you go to legal procedures to transfer the land as non agricultural , only then can you build a villa or bungalow here.
You may also skip on the facts that electricity and water supply may just not be available on the property sold to you which yet is another issue that the home loans company takes into notice while approving your home loan.
Then comes accessibility, like roads, which you see on paper but in practical the space may be surrounded by forests or water features. This all may not be prominent while you purchase the proeprty as drawings, master plans,  on paper are always made beautiful and the artist may skip off totally some important features of the land. One example is that the land sold off to a NRI buyer was agricultural leaving them in a mess and after years they had still to solve the legal procedures, more over the land is so rocky, there are hardly any chances of building a home there. without spending large sums in leveling , filling up,  the land!
There may also be houses purchased during construction where projects have stopped work or delayed for years and years without any changes due to these unknown legal issues where your money gets stuck up with only financial losses every month over the years, leave aside the mental stress involved. Here your home loan company does all the research background work for you and only then do they approve your home loan as home loans are only offered to legal properties with clear title and that constructions which fulfill all the criteria.  
Many such issues are taken care off by your finance company that offers you home loans, and that you, as an NRI have the assurance of guarantee that the land and property is legal and clear title.
All the Best from Rizwana!

23 June 2014

Take a Home and a Loan Now with All White Amount why this is the right time to buy a home and apply for a home loan

Take a Home Loan Now why this is the right time to buy a home and apply for a home loan as as first time home buyer, the property prices are never going to fall any more.
With corrected home prices and home loan rates, property exhibitions and property fairs are coming up every few months to attract new buyers to purchase home.
The good sign is that reputed home construction builders are working with trust,  are offering payments for home purchase, all the white amount is all on paper. This is  such a relief for buyers that they get to see all the EMI amounts  on paper, and payments can be made easily with cheques.

 Construction going on in full swing the houses built are soon filling and just within few years we will be surrounded by the towers of concrete.Reputed constructions are offering beautiful landscaped gardens, swimming pools, jogging tracks, club houses,  and latest amenities and many also are offering one year or more of free from maintenance charges. While some offer parking free, there are others who cut out on administrative charges.
It is a fact that people are moving towards buying new homes and more and more working people are going in for home loans. From among the many benefits of qualified working people getting an home loan approved is one of the best as they can get a home loan very easily with all documents in place.
Even when we visit new projects people are willing to invest as space is one factor which is limited and as the time passes the rates go on increasing .
The latest happenings in home sale are reputed home builder and finance companies are calling  their own terms and are willing to wait, they are not willing to even negotiate and are stuck on their rate and the haggling and bargaining part has been done with for the rate per square foot, they are also willing to  go in for all white amount, that is a good sign for buyers as they can avail home loan on amount that is on paper.
Home Loans Simplified Facts

Buy Your Home Now
Earlier the black amount was the sore throat point for buyers as a  large sum had to be arranged that was never shown on paper.Now the only one is that buyers have to arrange for administrative fees down payment, and the rest , most of this can be availed as loan.
At one time it may be impossible to buy a new home in city limits and only the option of outskirts may remain or you will have to opt for second sale and go in for a resale flat.
  All the Best!

05 June 2014

How first time home buyers are making moves to purchase property and NRIs increasing in buying Property for Investment in India

Property for investment, NRIs are boosting sales with correction in property prices and land is coming as a gold mine for investors from abroad. Not only do they feel the prices low as compared to Dollars but also they get a space in the home land which also has sentimental value for them. On one side where there is lots of activity going on from the NRI sector there are comparatively fewer sales for first time buyers. Still as they start making moves in buying property, the first time buyers, the couples who are both working are happy to move ahead and invest in their own homes.
Home rates and home loans amounting of large sums to be repaid every month as EMIs is taking its toll on the psyche and pocket of new married and planning to settle individuals. When smaller sized homes are also going beyond budget there is little hope for any prices to fall any lower.
It really becomes impossible for individuals to pay out lakhs of rupees as every month repayment amounts. Where people love to have bigger homes the actual area they are receiving is getting smaller and smaller as compared to the picture photograph plan they are shown at time of purchase. 
Home Loans Simplified Facts
Also the first time buyers with the inflation and increasing costs and insecurities of job and work are hesitant to make the move as this is a long term planning and needs patience and well financial planning. Most of the couples opting for buying home today and applying for home loans are the ones that are both working. Here it becomes simpler as one of the salary is kept aside to repay the home loan and the other used up as family expenses. Construction everywhere is going in full swing and towers are getting full sooner and sooner.
There is a positive trend seen in purchase of home and as many financial companies are continuing to lure the borrowers with perks and offers people who are ready to shell out every month are the ones making the moves and going ahead in purchasing first time homes.

Home Loans Simplified Facts

For the NRI investors the rates are just a matter of time and as they already have the money to be invested , they just need the right place. India is coming up a as favorite among foreign investors because of its land rates and available of large expanses of open land property. Also once their financial  consultants find the right papers and clear off the documents there is no looking back and heavy investments continue pouring from NRI sector in form of property investments.