Search This Blog

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!

15 March 2017

HOME LOANS SIMPLIFIED FACTS 8 Important Simplified Facts for Home Loans

On the beginning of taking a home loan, consider these points first!
Some research on Home Loans , in fact thorough research always helps, especially with such a major decision and that too which is going to be continued for many many years. 

1) Top Financial Lending Institution and Home Loans, search, read, inquire, talk, find out personally.
2) Simple Facts Budget Home versus Lavish Home-very important, in choosing the best home and not the costliest home.Depends upon your financial loan repayment capacity and your age.
3) Online Data on Home Loans-freely available, Google search, very helpful, and can be searched at your own convenience from the comforts of your home!
4) Comparison of Home Loans and Selection Pages on Home Loans are the most important to make choices in home loans. 
5) Company Profile of Housing Finance companies- most important and also their rules and repayment procedures as well as default in repayment procedures. Housing finance companies who are established have a history of happy home loan customers. 
6) Confusing Information for Internet Search- while it is easy, so also is this confusing to find the correct information on home loans. it may always or most of the time be disguised in a tempting advertisement offer, hidden costs may be concealed with play of words, and also sometimes even after searching for days you may not understand the true picture of your home loan in figures and amounts!
7) Search Internet Online Insurance Companies-this always compulsorily comes with a home loan. Home loan insurance providers are many yet the banks and home loan lending institutions have tie ups with reputed insurance companies and usually you have to go along with this procedure.Reading before hand helps to understand the reason and importance of home loan insurance. 

8) Important Decision Makers in Home Loans. The decision is one that involves financial outgoing every month for many years. involve your family and dependents in the decision of taking a home loan. 
All the Best from Rizwana!
Read more on-

The Best Home Loan Lender? Take a Pencil and Paper to the Home Loan Lender

The Best Home Loan Lender! Do your home work well. Research well. We go and buy onions that are Rs. 10 per kg with so much care and while taking such a big decision of crores we immediately go and apply to our nearest bank or a lender whom our friend or colleague suggests and get the loan. Find out as many offers and institutions from which you are eligible to get a home loan.
With easy availability of home loans the customer is spoilt for choice. With many private and government financial loan lending institutions coming up, the borrower has to choose the lender that suits their needs and is the best for getting a customized home loan. A best lender in the market is a general term and varies from individual to individual. Taking a home loan from a reputed builder will assure you that the trip of repayment tenure goes smoothly.
After getting a reasonable list of lenders who can offer loans short list a few lenders first. Try to consider all aspects that matter in the short as well as long run regarding repayment of loans. Their administrative costs, extra expenses, penalty charges in case of failure to repay an EMI on time, and of course the interest rate the loan is offered and tenure of the loan, that is for how many years the loan is offered.
Research online and offline. Ask friends and relatives about their experiences with these home loans and their lenders. These experiences will give you an insight into the experiences involved during repayment of home loans..
Take free loan amount quotes and find out home much money is available as loan and for what period. Write down all offers and amounts on a paper. Always written documents and figures are proofs and the lender cannot back out with these offers after you actually go for a home loan. Whenever you negotiate put the figure on paper. Let the lender note down all amounts on the paper and keep this stored carefully for later reference. In case the lender backs off with any offer and discount you can show them the figures quoted by them and this will help save much time and hassles for another negotiation.
Comparison is the next step. Do not be tempted to select the home loan lender that shows lowest rate of interest. Check other aspects also. The loan repayment tenure, amount offered as loan, the monthly installments, facility for clubbing installments, late payment fees and other hidden expenses.
Negotiate and bargain because even if the lender reduces a small percentage you will save a lot. Many times lender are known to offer an amount and later back off with the offer. Even the borrower does not remember the exact amount and figures and hence has to accept the deal form the lender. What happens here is you go for inquiring about loan and you are offered a figure, extra charges, taxes and transfer charges as well as the interest rate. The lender calculates in front of you and shows you a figure you have to pay as EMI. If you have visited high interest home loans lender before you are very happy with the quotation and immediately begin procedures for collecting documents for applying for a home loan.
Home Loans simplified facts

Home Loan Simplified Facts

When you visit the lender for final conversation and application another figure is offer to you. Suddenly some new additions are seen in the list of payments. How can you question about these? and the lender reassures you that all borrowers have to pay these and that all lenders take this amount. Since you do not have any recorded figure and amount on paper you do not have any proof and cannot negotiate with the lender, and also now since you have made all the preparations you go about and accept their offer even if it is at a bigger rate of interest. This is how the theory of lenders works but the borrower has to be alert. While taking quotations taking a paper and pencil will help a lot. All figures are on paper and you can carry these papers when you are going for the final talk between the lender and the borrower and make this a peaceful and stress free discussion and approval of home loan. 
All the Best from Rizwana!
Read more on-