Buying an old house can be more affordable than purchasing a new house or apartment. However, several important factors must be considered when making this investment. Whether the house is in a village or a city, it’s essential to understand the surrounding conditions. Old houses may present various issues, including insufficient infrastructure. It is crucial … Read more
Many people dream of owning a home. To achieve this, they use their hard-earned money throughout their lives. Others take a bank loan to build their dream home, while some live in a rented house without any worries. What are you thinking? The housing market is facing many challenges. Should you buy a house in … Read more
When considering long-term financial stability, comfort, and freedom, one may wonder whether renting a house is better than owning one. Food, shelter, and clothing are essential for every person, and while food and clothing are usually accessible, the choice of where to live varies. Some prefer to rent a house, while others strive to buy … Read more
Owning a home is everyone’s dream. To achieve this, we spend the money earned throughout life, or we may take a loan from the bank with interest and buy a house. That is why it is very important to be careful at every step while buying a property. So before buying a house, you should … Read more
Many of us dream of owning our own house but need help investing all our savings and paying numerous EMIs monthly. However, experts suggest that, with some careful planning, it is possible to achieve this dream without taking a loan. For many middle-class individuals, life goals typically include a job, marriage, children, education, marriage, and … Read more
The growing population has increased the demand for housing, leading to a boom in the real estate sector. In addition to urban areas, apartments in planned communities offer a promising solution to this demand, providing optimism for the future. These apartments can be purchased through monthly installments provided by banks and are popular among those … Read more
The central government is implementing various schemes, including the Pradhan Mantri Awas Yojana (PMAY), launched in June 2015, to provide housing subsidies to people experiencing poverty. The government recently announced the PM Awas Yojana Urban 2.0, allocating 10 lakh crore rupees in the 2024-25 budget to build 1 crore houses nationwide. Eligibility for availing PMAY … Read more
Home loans are a standard financial product, but banks’ interest rates vary significantly. If a high interest rate burdens you, you can transfer your home loan to another bank to reduce your interest payments. Transferring a home loan involves gathering certain documents and meeting specific eligibility criteria. It’s important to note that not all banks … Read more
The Modi government launched the PMAY Gramin (Pradhan Mantri Awas Yojana Gramin) scheme to fulfill millions of Indians’ dream of owning their own homes. Under the PM Housing scheme, those who purchase their own house will receive a subsidy on a home loan up to a maximum of 2.5 lakhs. Owning a home is everyone’s … Read more
Managing a home loan is a crucial aspect of financial planning. For borrowers with an SBI home loan, obtaining the SBI Home Loan Interest Certificate is essential, especially for tax purposes. This document provides a detailed account of the interest paid on your home loan during a financial year and is necessary to claim tax … Read more