Owning a home is a bucket list or life goal like no other. You strive every day to achieve this goal; However, the first steps on this path come at your own risk. With lower interest rates, additional tax breaks, and the ease with which we can access home loans, that dream has become more …
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 …
The insured declared value (IDV) is the maximum insured sum determined by the insurer that is provided in the event of theft or total loss of the vehicle. Basically, IDV is the current market value of the vehicle. If the vehicle is totaled, IDV is the compensation that the insurer pays to the insured. The …
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 …
As inflation rises, so do commodity prices. Because of this, the purchasing power of silver is declining. For example, if you can buy ten units of a product for Rs,1000 you may not be able to buy eight units for two years today due to rising inflation. But how is this increase in the price …
When a person takes out risk insurance online, choosing the insured amount is the most important task. The sum insured is the amount that the beneficiary receives from the insured in the event of the death of the insured during the term of the policy. According to an experienced financial planner, this insured amount should …
Each time you take out a mortgage, the interest rate and the length of the loan are the main factors that determine the amount of the Assimilated Monthly Payment (EMI) to pay. Here are some ways a new or existing borrower can effectively reduce the EMI burden on their home loan. A. New Mortgage Borrowers …
Since diversification is the key to an investment portfolio that reduces risk, real estate will act as a safe haven to secure accumulated wealth in the current scenario. Today it is important for buyers to understand how to reduce the perception of risk when investing in real estate. Since diversification is key to reducing the …