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A recent poll found that ten years ago, tenants in important cities such as Bengaluru, Mumbai, Pune, Chennai, Hyderabad, and Delhi would rent nine times before purchasing a property. Today’s younger generation buys after renting just four or five times in their lifetime. For instance, in Bengaluru, the typical age of first-time house purchasers has …
For most house buyers, obtaining a home loan is the only option to realize their home-ownership dreams. While most purchasers focus on interest rates when selecting a loan, there are additional elements to consider so that you can increase your loan approval prospects at a reasonable cost and ensuring consistent repayment of loans. In this …
Understanding the various fees associated with a home loan application is crucial for a comprehensive view of the overall cost. Here are the key components: Processing fees – This is a one-time, non-refundable charge payable at the time of loan application processing typically ranging from 0.5% to 1% of the loan amount. Legal charges and …