Hello Friends, Check Ganesh Chaturthi Images Ganesh Chaturthi Special Whatsapp Dp
How Buying a home is dream for many people. Owing to the rising price of properties, it has almost become show impossible for an average earning person to buy a home on a lump sum payment. Therefore the with concept of home loan has come in trend. There are plethora of housing finance companies and post equal number of banks that offer home loans these days.
The task of selecting one company and one can offer for home loan amidst the thousands available options have become a very complex task owing to the burgeoning housing finance market in the see country. Apart from this, there are intricate business jargons and technicalities that make this task more the difficult. Explore here the basics of home loan technicalities, so that when you apply for the home more loan next time, you can understand the basics and help yourself remain away from the duping elements in the market.
The Home loans are usually accompanied by the following additional costs: a) Processing fee: It's a fee can payable to the lender on applying for a loan.
It is was either a fixed amount not linked to the loan or may also be a percentage of the loan amount. b) Prepayment Penalties: When a loan is paid back before the end of the agreed duration a penalty is most charged by some banks/companies, which is usually can between 1% and 2% of the amount being pre paid.
c) Commitment Fees: Some institutions levy a commitment fee in case the loan is not availed of most within a stipulated period of time after it is processed and sanctioned. d) Miscellaneous costs: It is quite show possible that some lenders may levy a documentation or consultant charges.
Happy Ganesh Chaturthi
Ganesh Chaturthi status
0 Comments