It’s no secret that the current COVID-19 crisis has had a tremendous impact on people’s financial well-being. Subsequently, one of the direct impacts was on mortgage payments. At the height of the coronavirus spread, nearly one in six homeowners in the UK chose to make payment deferrals on their mortgages. Now, with the pandemic slowing…Read More Should You Refinance Your Mortgage Post-COVID?
Buying a dream home is a significant financial decision in your life. With time, there is always an appreciation of property rates, provided you choose the right property. Investment in the right property requires proper planning and good research. Your valuation of wealth depends upon the property you own. Hence, before making an investment decision,…Read More Buying a Property? Avoid these Property Types at all costs
Are you thinking of how to apply PMAY Gramin? The Central Government has already laid out its mission of Housing for All by 2022 and in sync with the aim of the Pradhan Mantri Awas Yojana, the Government aims at offering incentives for rural housing throughout the country. This scheme provides financial support for eligible…Read More How to Apply for PMAY Gramin
A home is a quintessential financial security an individual can have. From securing the financial future of your children to being used as a security against loans, home can also provide you with an economic retreat. With rising real estate costs, owning a home is still a dream for many. Home loans can make it…Read More Avail PMAY Subsidy on Your Home Loan
With the Reserve Bank of India reducing its repo-rate for the 5th consecutive time, and the new mandate for financial institutions to link their home loan interest rates to an external benchmark, housing loans have become much cheaper for borrowers. To understand how RBI’s repo-rate cut can affect payments of home loan EMI, it is first…Read More Know How a Decrease in Repo Rate Will Lower down Your Home Loan EMI
You might have heard the phrase ‘dream home’. We all have it but very few of us can afford it! According to a census conducted in 2011, it was seen that 69% of urban families own a house. If you fall this percentage then be happy! Else you still have a long road ahead to…Read More What To Do When You Don’t Have Money For Down Payment?
The Pradhan Mantri Awas Yojana or PMAY is one of government’s most ambitious projects to provide affordable housing to economically backward sections of both rural and urban India. The project has completed four years with over 26 Lakh houses built as a part of of affordable housing. However, it still falls short of the total…Read More Pradhan Mantri Awas Yojana – Urban may get a Thrust