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Buying a home is a lifetime financial decision which demands a long term commitment. It is a longest debt and a biggest task in itself. Before borrowing a home loan the borrower has to make a detailed research about it. There are lots of questions that arise with a thought of borrowing a loan. Home …
Whenever we are in need of any loan, we start looking for options. Few friends and neighbors also come with their suggestions. But still we always have doubts in our mind that leads to more research. Here at mudrahome.com we have tried to answer to all your doubts. Do I need a loan? It is …
Moving into our own house is nothing less than a dream come true. Home loan is our life’s biggest financial commitment, a way to create a lifetime asset and a way to transform your dreams into reality without making a hole in your savings. Even if the margin of error while the repayment of loan …
Repayment The act of paying back the borrowed money to the lender is known as Repayment. Repayment is usually done in the form of periodic payments and each payment goes in favor of principal plus interest. Default in the repayments of the loan during the tenure due to any reason can cause an adverse effect …
Number of times when students want to pursue further studies in finance. But getting a degree in financing or accounting is always confusing for them. Though, both the fields provide challenging, successful and rewarding career opportunities and in near future the fields will show the faster than average career growth For many of us it …
It is important to remember that the interest rates do not change themselves. There are always certain situations like economic information on consumer spending or may be business inventories. There is no one person or organization that set the standards for thousands of nationalized and private banks. There is no one person to determine what …
An interest is the amount due over the period for the amount lent, borrowed or deposited. An interest amount depends on the principal amount, rate, compounding frequency and the time for which the amount is being lent, deposited or borrowed. An extra amount that a lender charges over the principal amount is normally expressed as …
There is a lot of difference between a Home Loan & Home Loan Balance Transfer. Both are availed in unique and different scenarios. Home Loan is all about availing the funds to buy an asset (home) where the amount with some interest has to be repaid within a certain period of time. Age, credit worthiness, …