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Homebuyers will have many options to choose from this holiday season. Property developers are offering discounts, some state governments have lowered stamp taxes, and banks are competing for lower interest rates. Interest rates have been the lowest in 15 years. For example, Kotak Mahindra Bank offers mortgage rates starting at 6.75%, while Bank of Baroda …
Social security for the elderly (aged 60 and over) remains a major concern this season for several reasons. Older people with low pensions or limited capital income have traditionally increased their income through odd part-time jobs that involved leaving their homes and traveling. Now that movement restrictions for older people are likely to be in …
![How an advance affects your credit rating and Alternatives to credit card advances-[A]](https://blog.mudrahome.com/wp-content/uploads/2020/08/How-an-advance-affects-your-credit-rating-and-Alternatives-to-credit-card-advances-A.png)
As with any form of a loan, an advance can affect your credit rating. A cash advance from a credit card does not show up as a separate item on your credit report, but it can affect your creditworthiness if your credit usage exceeds 30.% Credit utilization is the amount of debt you currently have …
![What is Home Loan Insurance and what are it's pros and cons_- [1]](https://blog.mudrahome.com/wp-content/uploads/2020/08/What-is-Home-Loan-Insurance-and-what-are-its-pros-and-cons_-1.png)
What is mortgage insurance? A home loan insurance plan is a plan in which the insurer pays the outstanding mortgage amount with the lender or the bank in the event of an unforeseen situation. Some of the comprehensive mortgage loan insurance policies cover the applicant, the home, and all of its contents. The premium paid …
![How to improve your chances for getting a personal loan_ - [A]](https://blog.mudrahome.com/wp-content/uploads/2020/07/How-to-improve-your-chances-for-getting-a-personal-loan_-A-.png)
Personal loans are serviced by individuals and are used for a variety of purposes, from renovating your home to international vacations and debt consolidation. They are generally uninsured, which means they do not have to give a guarantee, making them an attractive option for customers. However, the risk to lenders is higher, and therefore interest …
Obviously, mortgage lenders have a long list of conditions that borrowers must meet to be eligible for a loan. Sometimes there are cases where an individual borrower, even if he meets the eligibility criteria for the home loan, may ask the guarantor to sign the loan document. For more information on these cases and the …
![Home Loan Balance Transfer-[A]](https://blog.mudrahome.com/wp-content/uploads/2020/07/Home-Loan-Balance-Transfer-A.png)
Mortgage loan transfer helps you lower your EMI by transferring your current loan from other financial institutions to an institution that offers a lower interest rate. Transferring or refinancing the mortgage loan or directly transferring the credit is the process by which you can benefit from the lower interest rate of the other lender. If …
![WHAT IS A LINE OF CREDIT AND HOW TO GET IT_- [A]](https://blog.mudrahome.com/wp-content/uploads/2020/06/WHAT-IS-A-LINE-OF-CREDIT-AND-HOW-TO-GET-IT_-A.png)
The line of credit is a credit tool that is made available to individuals, companies, companies, or governments of financial institutions, including banks and NBFCs. The line of credit is a loan offered to borrowers, where they can use even a small part of the entire approved line if necessary. It is not mandatory to …