Home loans: Here's how to avoid buyer's remorse amid high interest rates

Homebuyer’s remorse is real for borrowers who had sought home loans at peak interest rates. With interest rates likely to go up again in the coming months, many home loan borrowers will have a hard time repaying the loan amount. 

Cleared home loan? Here’s what you should do with EMI money

Since your home loan is done and dusted, what next should you do with the money that is freed up because there are no EMIs to pay now? Read further to know 

Budget 2023 Expectations: How the Union Budget can help home buyers

Direct and indirect taxes are increasing the financial burden on home buyers. Let’s understand what you can expect from the union budget if you are a potential buyer.

Legal verification for home loan: 5 reasons why it is important and you must do it

Legal verification is an important part of the home loan process, as it helps to speed up the application process, reduce discrepancies, provide a clear picture of the property, and identify potential red flags and roadblocks.

Considering home loan prepayment? Be aware of these factors before you go ahead

Home loan prepayment is important to prevent increased interest outgo. Remember that while reducing the loan term results in greater interest savings, reducing the EMI results in more disposable income.

Home loans rate hikes: Should you prepay a part or let the tenure increase?

Investment advisors advise home loan borrowers to prepay their loans to cut down on higher interest outgo, especially if they have some money at their disposal.

Credit outlook: Demand for BNPL, home loans likely to grow in 2023; education loans may take a hit

Investors are looking forward to an economic recovery in 2023 though the fear of inflation and recession continues to engulf their minds. However, recent repo rate hikes and policy measures signal the easing of inflation, which in turn will encourage people to seek small unsecured loans.

LIC Housing Finance hikes lending rate by 0.35%, home loans to cost 8.65% now

In a statement, the company said it has increased the LIC Housing Prime Lending Rate (LHPLR), to which the interest rate on its loans is linked, by 0.35 per cent.

Your EMIs set to get dearer; HDFC hikes lending rate by 35% to 8.65%

The retail prime lending rate on housing loans, on which the adjustable rate home loans are benchmarked, has been increased by 35 basis points to 8.65 per cent onwards, effective December 20, the bank said in a regulatory filing.

Tempted to go for a home loan with overdraft facility? Check its pros and cons

Your total outstanding principal and interest will decrease as a result of the additional funds you deposit into your account. This method of accelerating home loan payments is a terrific approach to pay off long-term debt quickly. However, there are some disadvantages too.

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Home loans: Here's how to avoid buyer's remorse amid high interest rates

personal finance

personal finance

personal finance