Home Loan

Buying a home loan can seem complicated but if you go systematically, you will soon be holding the keys to your own home!!! The first step towards your loan is choosing the best housing finance company which can guide you through the entire procedure.

Given below are the tips to choose the best home loan lender:

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Always Choose the Lender After Finalizing the Property: Shopping for the home loan comes after identifying the property. While most banks offer finance for ready to move in properties whereas some banks lend for a property that is being self constructed or a property under construction. Therefore, finalize your property first and shortlist the financing options thereafter.
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Be Sure About Your Loan Eligibility: Banks follow different criteria to calculate loan eligibility. In case, loan eligibility based on your income is an issue, you should talk to different banks to find out which bank can provide you with the maximum amount. There is also an option of clubbing your own and your spouse?s income to increase your loan eligibility.
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Be Ready to Loose Your Processing Fee: Banks charge some processing fee to get any loan application on roll. The fee is generally around 0.50% to 1.00% of the total loan amount. Paying the processing fee does not ensure the clearance of the application but it ensures that your application will be seen. Moreover, processing fee is non refundable. Whether your loan is sanctioned for a higher or lower rate, you will not get the processing fee back. Never trust on the verbal promises made by any bank representative. Get everything in writing.
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Fixed or Floating Rate of Interest: In case of the fixed home loan rate, rate of interest does not remain fixed for the entire tenure but for a certain period of time. The lender has a right to arbitrarily change the rate further. On the other hand, if you are opting for the floating rate loan, be sure to check whether the rates of your chosen lender had floated down over the last couple of years.
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A Stitch In Time Saves Nine: Never haste the shopping process. Cost of your loan largely depends on how you negotiate. Home loan lenders primarily take your income and personal profile into consideration. Apart from rate of interest, what points you should take into account while choosing the best financer are processing fee, legal charges, pre-payment charges, valuation fees, and other hidden costs.

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It has been observed that most of the non-resident Indians and persons of Indian origin want to buy a house in India for themselves or for their family. Generally, NRIs have a doubt in their mind as to whether they can invest in a residential house property in India by remitting funds from overseas under the current foreign exchange regulations or not. Let us look at some of the aspects related to this matter.


An NRI refers to an Indian citizen who is residing outside India.
They can acquire any immovable property in India other than agricultural land, plantation and farmhouse. These days a number of options are available to buy houses of international standard with all the facilities such as clubhouse and gymnasium. An NRI may use his own funds to acquire immovable property. He can also avail of an NRI home loan for this purpose.

Interest rates for NRI home loans do not vary much from that of the Indians living in this country. But the home loan tenure for NRI's are sanctioned only for a shorter period. NRIs get only 85% of cost of home as loan amount. The size of the loan depends upon the borrower's repayment capacity. Up to 36 times of the gross monthly earnings of the applicant may be issued as loan. However, there is a maximum limit. Calculation of eligibility is same as that of Indians living in the country.


The NRI home loan re-payment has to be made through equated monthly Installments (EMI) through Non - Resident Ordinary (NRO) account or the Non Resident External (NRE) Account. For security, most banks insist that the first mortgage of the property should be in their name. If the property is under construction then adequate additional security is required such as guarantee of third party (either resident or non-resident).


The Government of India in 1991 embarked on liberalisation and economic reforms with a view to bring about rapid and substantial economic growth and move towards globalisation of the economy. As a part of the reforms process, the Government under its New Industrial Policy, revamped its foreign investment policy recognising the growing importance of foreign direct investment as an instrument of technology transfer, augmentation of foreign exchange reserves and globalisation of the Indian economy.


Simultaneously, the Government, for the first time, permitted portfolio investments from abroad by foreign institutional investors in the Indian capital market.


Basically, foreign direct investment relates to direct investment in an Indian company either through a joint venture agreement or as a wholly owned subsidiary with management interest. Foreign direct investment is also permitted through the route of Global Depository Receipt/Euro issue/FCCB.

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Choosing the right kind of interest rate can be extremely baffling while shopping for a home loan. Only a single question comes into mind - Should I choose 'fixed' or 'floating' rates of interest?

Interest rates on home loans have been fluctuating since the last 6 years. For that reason, a consumer cannot be sure of any trend to narrow down on the best loan. In March 2000, the rate was about 14% which started falling steeply.

The interest rate on home loans in India fell to 7% and it soared to a high of around 10% (floating rate of interest) in January 2007. It is believed to be the most dramatic hike. Floating rate of interest, as it name signifies, can be either increased or decreased, which is clearly mentioned in a home loan agreement. On the other hand, if a consumer goes by the route of fixed rate of interest, he could be paying a huge premium today.

A consumer should analyze the past market trends to have an idea about how it has moved and consider the costs and benefits of changing the decision. A well informed customer always makes right choices.

Floating interest rate on home loans can be changed by the bank. This is why it makes sense to choose 'transparent floating' interest on home loans. This basically means that the interest rates will have a direct relation with the general interest rate. If one will go up, then the other will also increase and vice versa.

Unlike floating interest rates, a true-blue 'fixed' interest rate remains fixed during the entire loan tenure. Banks do not have the power to change it under any circumstance until and unless the clauses mentioned in the home loan agreement say so. Therefore, it is always recommended to read between the clauses meticulously.

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Home loan interest rates have soared to an alarming degree in the past few months. This in turn has certainly affected the loan eligibility for home loans in India. This encourages loan borrowers to re-evaluate their options to avail new eligibility criteria.

Given below are some ways by which you can enhance their home loan eligibility:

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Increase Your Loan tenure:

Taking Home Loan for the Maximum Tenure is the easiest known method to increase your home loan eligibility. An example will shed a considerable light on the prospect. An individual earning a monthly salary of Rs 60,000 narrows down to buy a home loan. After deducting a monthly expenditure of Rs 35,000, the individual is able to save Rs 25,000. Undoubtedly, he will use his savings for repaying the loan through equated monthly installments (EMI).

Now, let?s consider the rate of interests to calculate the required EMI. The installments for a home loan of Rs 1 lakh at an interest rate of 12.5% and tenure of 15 year stands at Rs 1,232.5. Concerning the same data, his home loan eligibility will be 20.3 lakh.

However, the same individual can increase his home loan eligibility by around Rs 2 lakh if he extends his tenure to 20 years. With the same rate of interest i.e. 12.5% and 20 year tenure on Rs 1 lakh loan, the EMI becomes turns out to be Rs 1,136. Therefore, the home loan eligibility comes to Rs 22 lakh.

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Never Hurry Your Way towards Your Home Loan:

Nowadays, almost every bank is offering a home loan with the repayment period of maximum 20 years. Apart from the tenure, the only thing which is left to consider is rate of interest. For that reason, you should never rush to buy a home loan.

Always carry out a research and study the market meticulously to make the best use of what many banks and housing finance companies are willing to lend.

Then, you have to decide between floating and fixed interest rate on home loan which largely based on your personal preference and knowledge about the both. However, the floating rate home loans are available for anywhere between 11.5-13%.

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Repay other outstanding Loans:

Repay all the other pending outstanding loans like car loans or personal loans. It adds to your ability to repay and the lending institution takes greater interest in giving you a home loan.

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Take a joint loan :

Banks and HFCs have come up with a joint loan option for both the husband and wife earning a combined Rs 1 lakh per month. The choice is available for a greater loan with either husband or wife earning Rs 60,000 per month.

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Reverse Mortgage Loan (RML) scheme comes as a new hope for the senior citizens in India. Generally, retired people become dependent on their meager pension or family members to sustain. Considering the same and to resolve the issue, NHB, a subsidiary of the Reserve Bank of India (RBI) and its regulatory authority for the home loan, drafted the norms for this scheme.

Any person above 60 years can ask for RML and it is applicable for only residential properties. Since, senior citizens require liquid assets to pay for their daily needs; they have the option of mortgaging the house they live in as titleholders to a bank or any financing institution. Now, the responsibility of making the payments falls with the lender. Whether he pays the amount in lump sum or periodically, it depends on the agreement signed between the lender and borrower. The tenure can be 15 years or till the death of the borrower, whichever comes first.

Complying with the guidelines released by RBI, most banks have already brought the scheme into effect whereas some are in the process of executing it.

Punjab National Bank has adopted the scheme and named it as ?PNB Baghban?. Other prominent banks including ICICI, HDFC, Bank of Baroda, Oriental bank of Commerce, LIC Housing Finance are planning to introduce their respective schemes soon.

The biggest advantage that the scheme brings is that it eliminates a need for senior citizens to service the loan during their lifetime. The lender recovers the entire loan, including accrued interest on the death of the borrower by selling the property. The remaining amount is returned to the heir of the deceased borrower. However, the spouse of the borrower can continue to live in the house even after his/ her death. Also, the borrower has the option to repay the loan at any time.

As far as the amount of the loan is concerned, it largely depends on market value of residential property, as estimated by the lender, and the current rate of interest. Also, the age of the borrower will be another determinant.

Senior citizens can also earn good amount without selling their property. However, it depends on the lender to agree on to a deal with the borrower (senior citizens), as their requirements are focused and the scheme specific.

Let?s now check out the kind of problem with RML which pertains to the taxation rules. The central board of direct taxes (CBDT) has not issued any specific directives on how it will treat the loan amount sanctioned to the senior citizens. However, not everyone sees it as a serious issue. The payments will only be from a capital resource and not from any other income source. Moreover, it cannot constitute income to recipient. Income will only arise only from the sale, as capital gain. In case, the property is claimed by any legal heir by discharging the lenders, there would be no income to consider.

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Most home loan borrowers opted for floating rate loans in the past five years. Unfortunately, banks increased the rate on these loans three to four times in the one and a half years. Now, the borrowers are feeling the heat of increased rate of interest.

Those who thought themselves to have sailed safely by buying floating rate loan at 7% in 2003 are now highly tensed. Most banks are charging around 11.50% interest rate.

Let?s take a case supposing home loan amount to be Rs 10 lakh and the tenure as 20 years. With the increased rates, the EMI changes from Rs 7,753 to Rs 10,000 or if one wants to keep the EMI amount same, the tenure would increase by more than 10 years.
Kind of Options Available

It is always adviseable to pre-pay any loan, including the best home loan, if you have extra cash available with you. Most people think that the principal amount outstanding has not reduced even after paying EMI for three to four years.

Considering the above example again, if the borrower prepays at the end of fourth year, the outstanding principal is still around Rs 9 lakh. The borrower is repaying a higher proportion of interest in the initial EMIs. The interest can hover anywhere around 80% in the beginning.

Interest component falls down and principal component goes up as a proportion of the EMI with the loan tenure. For that reason, many of home loan borrowers assume not to prepay an apt way, say, after half way through the loan tenure, because the interest falls.

The interest outgo as a percentage on outstanding principal will remain same every time. As home loan rate is evaluated using reducing balance method, the interest rate is always evaluated on the remaining outstanding principal.

Now, the interest which requires to be distributed accordingly in the remaining tenure would also be low, resulting in lower interest amount component. However, there would come no change in the rate of interest which will remain same at both the periods.

Your home loan tenure should not be a driving factor for you to narrow down on the option of prepaying the loan. It should largely depend on current interest rate and the amount of spare cash with you.

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How is the prospect of changing from
?floating? to ?fixed? rate home loan?

Shifting from floating home loan rate to fixed is not advisable as there are not many banks that offer genuine fixed rate loans anyway. They are the loans which eliminates the need of a document featuring any clause that allows the bank to change the ?fixed rate? of interest.

These loans are not available for less than 13% rate of interest. Also, the borrower requires paying a fee for changing from 'floating' to 'fixed' Home Loan rates. This means that Equated Monthly Instalments (EMIs) will go up immediately.

What about shifting to another lender offering a lower floating rate loan?

This can be a good idea especially if another lender is offering a floating rate loan which is at least 0.50% cheaper than what has been offered by the existing lender with the balance tenure of not less than 7-8 years. There are the banks which charge high rate of interest from existing customers and low rate from new customers. Therefore, shop around the market first and keep yourself informed regarding the same to avail the best deal.

Do I have any other better options?

If you have extra money, you are recommended to pay a part of your loan to keep the EMI at the same level. Since most banks do not charge partial pre-payments, it can be an excellent option. In case, the borrower finds it unfeasible, he/she should check whether the bank is ready to increase the loan tenure along with keeping the EMI at the same level. As such, banks generally do not increase the tenure beyond the retirement age which is 60 years for salaried people and 65 years for self employed.

And, the ultimate best option is to increase savings and compromise on non - essential items thereby managing the monthly budget within the monthly income.

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The heat of increasing Home Loan Interest Rate on home loans has been felt by most home loan borrowers in the recent past. Then, the stringent monetary rules by the Reserve Bank of India left many borrowers see their financial burden increased by as much as 25%.

The article outlines the precautions existing home buyers should take. It also tries to answer the queries which appear to be on mind of every individual who wish to buy home loans:

The increase in interest rate brought by RBI was part of its strategy to curb inflation and credit growth in the economy. The inflation now stands below 5%. Recently, the authority increased the Cash Reserve Ratio (CRR) with a purpose to control inflation. It decided this move rather than increasing the benchmark interest rate is clearly indicative of no more hikes in interest rates now.

Industry watchers believe the interest rates to be at their peak or nearing it. This, however, has confused the new home buyers whether to opt fixed or floating loan rates.

Increased interest rates have largely affected the floating rate borrowers. This is why experts always suggest to wait and watch for the interest rates to come down. However, if you are buying house for your own use, it should not be affected by the interest arte cycle. But we would like to recommend you one thing - It is always better to go with floating rates as they ensure that borrower gets the advantage of interest rates coming down in near future.

Keep your eye on the trend followed by interest rates

Often, banks tend to increase the interest rates when the benchmark interest rates increase. But, such alacrity is not shown by them in decreasing rates whether the benchmark comes down or not. You will find it futile to ponder upon such a behavior of banks as they have their own clauses in home loan agreement to support their point. You must be careful for the downward revision of interest rate on your home loan even if there is no change in your EMI.

Therefore, if the interest rates show a downward trend in near future, ensure to discuss with your relationship manager from the lending bank and verify that the downward revision in your interest cost has been done.

A Shorter Term or a Smaller EMI?

As interest rates scaled up, borrowers were faced with the option of either lengthening the tenure of the loan or meet up with a higher EMI. Likewise, the lowered interest rates would mean that borrowers can either shorten the term or bring down the EMI.

Experts, however, advise short term loans as against smaller EMIs to ensure a lower interest payout. If the rates do increase further at a later date, borrowers always have a chance of increasing the tenure.

The Borrower's Options

When the current retail boom started, interest rates were at the lowest. Home loans surged as a result, in combination with other factors. Most of the borrowers took up the loans when the interest rates were at the lowest, or had started climbing up.

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Home loan industry in India has come of ages. Consumer is King. And definitely, if you are the one with sound financial background and impeccable credit history you can strike a better deal with the banks in terms of interest rates and other payment conditions.

Interestingly, the same is applicable on those, as well, who have already availed a loan from a bank. Near about all the major public and private sector banks are now offering the option of 'Balance Transfer' on housing loans

What is Balance Transfer all about?

There are times you find that the interest rate on your home purchase loan that you were paying at the rate of 10.5 per cent per annum was quite high in comparison of 9 per cent offered by some other bank.

In this case you can trigger off the balance transfer option with your existing bank, under which the unpaid portion of your home loan would get transferred to your desired bank, thereby taking benefit of the difference in the interest rates.

Things to take care of:

* Tenure of loan: Ideally, you should consider taking the balance transfer option when the remaining part of your payment period is more than 5-years.

There is no point in transferring the home loan from one bank to another if you end up paying pre-payment and other processing charges even more than the difference of amount you had to pay towards interest in the normal course.

* Pre Payment Charges: Banks like SBI, IDBI and ICICI offer benefits like payment of the pre-payment charges to your existing bank. So you must confirm the same with the new bank that are they ready to deal with this matter or not.


* Additions in the loan amount: You must confirm that the amount of your home purchase loan is perfectly in line with the balance you had in your previous bank. It may happen that your new bank pays all pre-payment and processing charges on your behalf and add the amount later to the principal amount of your housing loan.

In such case, you have to suffer the impact of compounding, which does not favor you in the long run.

Final Word:

Seeking balance transfer option needs the similar degree of caution and study that you undertake while taking home loan. And of course, you can save a considerable amount of interest charges under this option once you strike the right chord!

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Taking a home loan has become easier. Enticing advertisements and easy installment plans may be tempting you to avail a loan every now and then.

Well of course, you deserve to possess a house of your own. And the Indian banking and finance industry too supports your aspirations. The cumbersome process of taking a home loan in India has been simplified a lot and you no longer have to run from pillar to post to get it approved for yourself.

Nevertheless, the eligibility criteria are also rationalized and anyone can plan to avail a home loan by fulfilling the bottom lines.

But then the key question arises as to whether you should take a home loan or not. It certainly is a long term assessment. After all you should not fall in a debt trap in any case.

Hereon we discuss on the softer side of the matter that is usually ignored amidst the fancies of buying home loan, but turn critical in nature.

How much?

As a thumb rule, your Equated Monthly Installment (EMI) on home loan should not exceed by 40 per cent of your net monthly income. Net income is meant by the disposable income left after all statutory deductions like insurance premium, income tax, PF contributions, and other obligations towards mutual fund SIP (Systematic Investment Plans) etc.

Thus if your monthly income is Rs 20,000 and net income comes to Rs 15,000, your monthly home loan installment should not exceed Rs 6,000 (40% of Rs 15,000). The rest is assumed towards your routine expenditure.

Our suggestion

Though 40% is a standard, we advise you to keep it below 25% of your present net income. Reason- you should have reserves to meet some unforeseen situations. It may be healthcare or financial affairs or any unexpected expenses under the sun.

Future Planning

A large number of people project hike in their incomes for future and make decisions based upon estimations. It’s good to be positive.

But you may enter into troubled waters in case things move in opposite direction.

Also, the home loan is a long term liability, usually between 10-20 years. In this period, your income may keep on rising but so do your liabilities and expenses. What should you do then?

Our suggestion

Suppose you expect your present monthly income of Rs 20,000 to Rs 30,000 a year after, you plan your EMI as per present income only.

Later when your projections turn into reality, you can either re-work your EMI with your bank or invest the additions into other prolific investment options.

This way you can balance your liabilities and at the same time remain stress-free on spiraling burden of EMI, which could form in case of failing estimations.

Final words

We hope that the above discussions will prove beneficial to you and help you work out a well planned home loan transaction, safe and happy.

We’ll continue bringing such information and insights on home loans for you, on regular basis. So be in touch.

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Once you decide to avail a home loan, the next thing that storms your brain is choosing between fixed and floating rate of interest. And here is where you are caught in a catch 22 situation.


Usually, when news media splashes reports on banks increasing home loan interest rates in India and their impact on Equated Monthly Installment (EMI), you deem it better to opt for fixed home loan rate. In fact, your banker may also advise you to go for the same.

Now ideally as it should be, we assume that once you select fixed rate plan for yourself the rate of interest will remain unchanged over the entire tenure of the repayment period irrespective of any subsequent increase in the same. But actually this is not the case.

Here we demystify the nature of fixed interest rate housing loan transaction for you so that you could make an informed decision over the matter.

* All the banks include the reset clause on fixed interest rate in their home purchase loan agreement papers. So if you had taken the loan @ 10.5 per cent for 15 years it does not mean that the same rate will be applicable all across the period.
* India’s largest public sector bank State Bank of India (SBI) has introduced a clause as per which it has right to revise the fixed rate home loan after two years. Similarly, Canara Bank and Corporation Bank also have similar provisions to revise the rates after 5-years of disbursing the loan.
* Private sector banks and Non Banking Financial Corporations (NBFCs) are also following the same policies and the rates too are revised from time to time.

Force Majeure Clause

So, while you read your home loan agreement papers, you can spot statement like this:

“Provided further that from time to time, the bank may in its sole discretion alter the rate of interest suitably and prospectively on account of change in the internal policies or if unforeseen or extraordinary changes in the money market conditions take place during the period of the agreement.”

This is called Force Majeure Clause that enables the lender to undertake appropriate modifications in the interest rates on home loans they sanction to their borrowers.

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The home buying process can seem complicated, but if you take things step-by-step and you know how to choose the right home loan, you will soon be holding the keys to your own home!

Ten steps to buying a home

Step 1: Figure out how much you can afford. What you can afford depends on your income, credit rating, current monthly expenses, down payment and the interest rate. The calculators can help, but it is best to visit a lender to find out for sure. A housing counselor can help you figure out how to manage and pay off your debt, and start saving for that down payment!

Step 2: Know your rights

Step 3: Shop for a loan. Save money by doing your homework. Talk to several lenders, compare costs and interest rates, and negotiate to get a better deal. Consider getting pre-approved for a loan.

Step 4: Learn about home buying programs

Step 5: Shop for a home. Choose a real estate agent, Wish list - what features do you want, Home-shopping checklist - take this list with you when comparing homes.

Step 6: Make an offer. Discuss the process with your real estate agent. If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale.

Step 7: Get a home inspection. Make your offer contingent on a home inspection. An inspection will tell you about the condition of the home, and can help you avoid buying a home that needs major repairs.

Step 8: Shop for homeowners insurance Lenders require that you have homeowners insurance. Be sure to shop around.

Step 9: Sign papers. You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign!

Step 10: The House is yours now. Have Puja or hawan.

Terms used in Housing Finance

* EMI: Equated Monthly Installment till the loan is paid back. It consists of a portion of interest and the principal

* Floating Rate of interest: Rate of interest which varies with the market lending rate. This means that there is an element of risk of paying more than budgeted amount in case the lending rates goes up

* Monthly Reducing balance: In this system interest reduces monthly with repayment of Principal amount

* Annual Reducing Balance: In this system principal is reduced annually at the end of the year so you end up paying interest even for the portion of principal you have actually paid back

* Fixed rate of interest: Rate of interest remains unchanged throughout the period of the loan

* Processing charge: It's a fee payable to the lender on applying for the loan

* Prepayment Penalties: When loan is paid back before the agreed term of the loan, then banks/ institutions charge penalty for the prepayment

* Commitment Fee: Some institution charge commitment fee in case the loan is not availed within a stipulated period, after it is processed and sanctioned
* Miscellaneous Cost: It is quite possible that some lenders may charge documentation or consultant charges .

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Various banks and housing finance companies have their own set of offerings as far as the best possible housing loan interest rates in India are concerned. There are a variety of housing loans available in India which includes:

* Home purchase loan
* Home construction loan
* Home extension loan
* Existing home improvement loan
* Land purchase loan



On would be entitled for home loans in the range of Rs 5 lakh to a maximum of Rs 1 crore, based on the repayment capacity, previous credit history and the cost of the property. The bank may provide a maximum of 85% of the cost of the property or the cost of construction as applicable and 75% of the cost of land in case of purchase of land. The repayment capacity is calculated taking into account factors such as:

* Age
* Income/Salary
* Qualifications
* Dependant/(s)
* Assets/Liabilities
* Credit History
* Stability / continuity of your employment/business
* Income of co-applicant/(s)

5 Steps to avail easy Home Loan

1. An Application form is submitted along with relevant documents.
This follows with
2. Verification of the property and it’s supporting documents
(This usually takes 5-7 working days after Step1)
3. Loan is sanctioned
(Usually on the 7th working days after Step 1)
4. Original Property documents are submitted and the loan Agreement is signed.
(Usually on the 8-10th working days after Step 1)
5. The Loan Cheque is disbursed.
(Usually on the 10 -15 working days after Step 1)

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If you landed on this page by some search engine, you are certainly in looking out for a change in your living style or looking to buy a new house. The good news is: You have come at the RIGHT place. You'll soon realize that home loan companies do exist, and they continue to exist to provide Basic Home Insurance as well as Home Loan Information including Home Loan Resources because of the very people who desire to own a house the soonest possible time - like you!


It is definitely one of the major things that you can board on in your lifetime. The bad news is: however is that not everyone in this globe is like you, loaded enough (financially, of course) to be able to build a house as soon as he wants to.

Whether you are Non Resident Indian or Resident of India, and you are thinking to start your journey of buying a new house, looking to move to a new house, investing in property or are looking forward to refinance, Consider answering these questions to yourself:

* Which type of home loan should I prefer?

* Will it be the best scheme that will be fitting my budget?

* Can any insurance plan cover for an unpaid monthly due?

* Is there a fine or penalty or even some reward as well if the whole amount of loan is paid ahead of the due date?

These are just a dash of the questions to be answered when considering taking the plunge…into the loan journey. The different home loan types are hereby presented to you to make your journey that more smoother or step by step, safer and comfortable. Yet, Got a fix on fixed rate or variable rates, offset accounts, lines of credit or bridging loans!!

And we have covered the basics of your journey here. Going back to you future house owner, have you got the answers to your questions? Start answering them now and take the plunge!

With so many real estates sites coming up in Indian market, finding an ideal house isn't that big a issue nowadays, when you can virtually see all across the home you need to purchase by the various real estate simulation programs and videos available, but you still need to purchase it, right? - To really say "own" it. A home loan, also popularly identified as a mortgage, is an easier financial option to own a house. Once you've decided to endeavor on a home loan, there are so many things that you need to be informed with. Not only is it going to be an emotional experience, it is also going to be a very informative monetary journey, as you will be dealing with the whole caboodle of the mortgage process along the way.

There are thousands of home loan companies waiting to provide you with your financial needs. Part of the success of this whole financial move is partly in your hands, the greater part relies on the efficiency of your chosen mortgage company.

In Guide2homeloans, we bring forward to you, the best of the delicacies of the different home loan types available there in the world market and even you can also know about the latest Home Finance News in India. We have published a lot of information, here and elsewhere, on a wide variety of topics related to home loan types and equity loans and even mortgages. We will add them regularly as we continue to publish them.

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