Branch Shifting Closure of Home Loan Offering Bank Branch and The Thumb Rule for Home Loans

When you go for house hunting you are confident that your income being 35 thousand Indian Rupees will definitely go on increasing and as you move up the ladder you will be able to pay larger EMI(Equated Monthly Installments). So you happily go in for a larger house as compared to other options and lenders are happy to provide you loan, they earn from high interest.

The journey of repaying the home loan begins with smaller EMIs and proceeds with increasing in amount. Many people opt for flexible rate of interest in the repayment schedule as they are confident about their increase in salary over the years. But it is better to take a informed decision than be sorry later. Reaping EMIs is a stressful task since this goes on for 10 to 20 years. Hence an intelligent borrower would research the market, search for rates of interest and go in for the best deal, the one which helps to save precious interest over the years.

Intelligent Borrower

Many lenders will allow you to take a home loan on 40% of your income. This income is not the total income on your salary slip. Deductions will have to be made regarding cuts on income tax, insurance and other investments. Here we consider the net income, that is disposable income , which you have in hand. It would be better to be on the safe side and take a loan approximately about 25 to 30% maximum of your income. However much you adjust the expenses this figure will allow you to make the repayment process of home loans passable and stress free.

I am not saying that you underestimate but dreaming in a practical manner will be better. Our early generations did dream big and hence now the property they have purchased has grown by many times. Keep it in a manageable amount and do accommodate for rises in income and position over the years. But take your own decision regarding the loan available, more so if you have a very good rise in salary you can invest the money in other profitable investments or adjust you EMI by changing your repayment schedule later on to accommodate a higher EMI.

After all the applications and approval of your home loan you are happily paying your EMIs every month. The home loan amount being very large along with the rate of interest the borrower has to maintain relationship with the lending bank for many years. There are bound to be unexpected problems coming up within the long repayment tenure of 15 to 20 years.

One of the problems coming up from the side of the lending institution is that the bank may shift their branch to some other place. It can also happen that the bank may close down. What can the borrower do in these circumstances?

The borrowers have to therefore keep regular contact and communication with the lending institution. The most important point here is that any borrower has to get an understanding and working of the bank before committing regarding the home loan and signing on the dotted line. Peruse the documents very carefully and understand all aspects and clauses mentioned in the home loan document. In case there are any queries or doubts then you can clarify them with the financial counselors.

This will help you to get a clear picture about the amount you have to pay and the facilities you get regarding and default or unexpected problems. Here the borrower can also discuss all other matters which may or may not be mentioned in the document. These include sudden problems with the financial status of the bank, like bankruptcy, losses, inflation;  shifting of branches of the bank and how to follow up on future payments; loan recovery procedures adopted by the bank in case of your delay in payments; in case of take over by other bank due to failure of your bank too keep up financially; any other problems due to unexpected natural calamities or hazards.

Though many housing banks and loan lending institutions that have clause for these factors, usually they are written in technical terms which is not easily understood by the borrower. Hence you must clarify all these doubts before getting your home loan approved. In times of uncertainty it pays to talk and enquire more and keep your options open.

All the Best from Rizwana!

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Advantages of Joint Home Loans and How to Get Your Joint Home Loan Approved

Joint home loans, are a great way to take the big leap of owning a home. Decision of purchasing a flat on ownership is a dream for every individual. With so many good housing finance companies available the borrowers can select the best option and who can accommodate their financial customized needs and offer a personalized loan.

Joint home loans are those loans where two or more members jointly apply for the home loan and submit their documents together. The lending companies will go thorough their financial standing and asset and offer a home loan on the total amount of collective funds available for repayment of the home loan. But most of the times many lenders shy away from approving joint home loans due to the high risk involved with joint finances.

Home Loan-Simplified Facts

For better chances of loan approval  even if you are a co-applicant for a home loan try to go along with your spouse or if you have  sibling willing to enter this arrangement then make it clear before and also try to take a smaller loan, that which you may be able to bear single handed also. Minimize the risk of default and make arrangements for repayment schedule.

Home Loans - Simplified Facts

Also going in for a joint home loan remember that during the home loan repayment period you may not be allowed to go in for a second loan for whatever other needs if you both do not have the incoming amount. If you are committed in a home loan jointly then you may not be eligible for another loan for say, a car loan or a renovation loan. So remember this.

Both joint applicants will get tax benefits so use this to your advantage as savings. The best combination for getting your joint home loan approved would be with your spouse. Since this is family the lenders are accommodating with this combination and usually many men go in for a loan if they have regular finance available for repayment every month. So if you have the money set aside or additional regular income every month then you can go in for joint home loan and the lenders will also approve it provided all your documents are in place.

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Right of Rescission in Home Loans Meaning

Right of Rescission

What is a Rescission period. the three day right of rescission period, a part of Truth of Lending Act, was passed to protect consumers from fraud lenders and financial sales agents. Gives the borrower the right to cancel their home equity loan within 3 days of closing without penalty. Considering the interest of the borrower to protect the family home at risk by using it to avail a loan.
the 3 day period allows you to cancel your home equity loan within 3 business days. Excluding Sundays  and Holidays.
You as a borrower   for this to be eligible must sign all disclosures ,, that is close your loan. Receive copies of all disclosures and receive the right of rescission note.
The right of rescission does not apply to all mortgage loans.
Does not apply to a Home equity line of credit and Refinancing of existing mortgage and home improvement loan.
Hope this helps!
All the Best!
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Your Home Loan Lending Website Just disappeared! Some Really important Precautions While Applying for Home Loans Online

A Very Happy Prosperous New Year and Hope All Dreams of Owning a Home get fulfilled in this beautiful year of the Fire Monkey!
Online home loans are an easy way to check out on financial companies and housing development projects right from the comforts of your home or office. While it has become so easy and buyers and home loan appliers have so many options the downside is we get confused with too many options. And then there are frauds also.
There is a large amount of advertising in housing and home loan sector going on and it is possible people get tempted to choose the easy way, some new financial company offering home loans at very low interest rate, some private banker approving loans without any documents, and then some people just ready to give large amounts of money as loan within three days!  , all looks so simple. Then of course the sob story  of a widow who got home loan from a private banker without showing any repayment proofs!and who knows how she is going to repay the amount!
The question is how do these new financial institutions or bankers handle paper work, what documents are signed, and if not signed are you/ your property ( as asset for a new home loan)  in safe hands, what happens in case you are unable to pay an EMI on time? you don't know all these as there are no rules made.
It is always better to choose a reputed bank and established home loan lender as they have ready formats and rules. Or at least check their past history and how long they have been in business.
Home loans online - they are never actually completely online and the Lenders representatives either come to your place for checking or you have to visit the banker with proofs and documents.
For the pre information and finding out how much loan you can avail there are ready EMI calculators on every financial  websites and this helps a lot in saving your time.
In case you see a website offering complete financial home loans online in very less time  do check out the background and reputation of the company.
                                                  
Also take precautions and be careful of divulging any personal details of your bank accounts and investment passwords. Or Giving the original documents of your property , or signing any deeds of letter of authority which is really not required.

Do check the past history and how long has the website been in working as there are many fraud financial websites running and doing roaring business, and they collect the deposits in name of many reasons, opening an new bank account, as shares of the bank, as new investment schemes which will allow you to avail a higher home loan,  from home loan borrowers and one fine day close off!
In this world of web be very careful with your precious assets and money while applying for a home loan , it is not strange to see a financial website with loads of great comments and testimonials (that may be paid) disappear one fine day!
If it seems too good to be true, it really is not true, remember this!
All the Best from Rizwana!

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Occupancy Certificate and Why Rates Differ Drastically for Houses in Same Areas Some Facts

Happy New Year! May Your Dreams of Owning a Home Investing in homes and Buying New Homes take a Quantum Leap! All the Best!
While the future of housing construction companies is bright , people are opting for more and more larger homes, spaces with gardens, themed structures, latest amenities from wireless security systems to a modern contemporary design, we see the trend is also more towards living closer to nature.
Booking homes under construction helps to save a lot of money and  you get the home at considerable low rates per square foot. But there is also a lot of risk involved, will the project be completed on time? will the promised amenities be available for the buyers? will the builders follow all rules as quoted in the project?
Recently I have been searching for property and was astonished to see a lot of difference in houses rates. Some in the same areas and made beautifully were very high rates and some were very low. Yes the base rate is standard for a particular area and then each construction company or builder is willing to negotiate to complete the deal.
The most shocking discovery! Many building where people are living and everything is  hunky dory have not got Occupancy Certificate.
An Occupuncy certificate  is a document issued by the local Government Agency as approval that the builder has followed all construction rules and the project has been made as approved in their plan.
While most reputed builders follow norms there are few who may begin with the plan but as the project reaches completion modify the plan and then the project does not get OC.

Simply quoting that if there is a garden space the builder may impulsively add a theatre there or a Playground area is converted to shops for sale. Usually the most seen default in housing projects is for parking spaces which are approved  as stilt parking on ground floor according to plan on paper, where the real project has shops with all activity abuzz!
Then also flats are modified while in constitutions where the plan shows two room kitchen houses the builder modifies it according to demand and either makes them larger or smaller areas. The basic space surrounding each building is also compromised resulting in buildings made very close to each other not following the safely norms.
The legality of such spaces does come up and even though you will get a really good  bargain for such houses and flats it will always be a question as these houses do not get legally approved.And this again comes up with every bill and every document, the illegal status, and also while reselling the flat,, as the new buyer may want to see all the approved documents and status cleared before buying a flat from you.
Do check the documents before committing your precious money into under construction housing projects, or buying resale flats, one of the best ways is to take a home loan where the lender banks representatives do all the hard work for you and find out the details of the housing projects, and only then approve your home loan! Check the original papers of the flat or property and see the floor plan, there is mention of the area, and every detail, all will be clear!
All the Best from Rizwana!

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Piramal Vaikunth Residencies Among the Lap of Nature Thane Balkum Buying and selling homes just got creative!

 Adopting the Concept of harmonious living with Earth, the five  Elements, Biophilia, the Piramal Group has Brought an Awesum Flower Show at their Balkum Vaikunth Construction site. Based on the famous Chelsea Flower Show, the show is breathtakingly beautiful  and will take you to another world for the time you are in!Buying and selling homes just got creative!

Piramal Vaikunth Flower Show Thane Balkum

Collection Display  of Exotic Flowers

 Homes among the lap of nature, a great concept and while you get to visit the flower show ,, you can check out on the residencies available, Loved the specifically made for artists residencies with installations and sculptures, great ambiance for creativity unlimited!

Orchid Gardens

Music Entertainment and  Light show!

House Model and Plans

Moghul Theme Gardens

The Flower show and the Train rides,, the fantasy garden display and the themed  gardens and the world of exotic orchids, the Piramal Group has sure made a stamp in real estate with crowds thronging to see the flowers and of course the house plans!
The residence project at Thane is in the interiors , and the old structures of houses just outside the complexes. The entry way is narrow, but as you enter there are vast expanses  of land. The concept no doubt will connect with people who are trying to reduce the day by day growing impact of the internet   on our health and our families.
All in All a great experience and must visit for everyone! The Vaikunth Flower show at Piramal residencies Thane is on from 20th December 2015 till January 3rd 2016
All the Best from Rizwana!

Themed Gardens and Residencies at Piramal Vaikunth

Thank you very much each one of you for coming by Home Loans-Simplified Facts! Liking, commenting, following and sharing my Blog. Wish You a Merry Christmas and A Great Prosperous New Year Ahead! God Bless and All the Best from Rizwana!
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Houses with Elite Amenities Kanakia Rain Forest Andheri Marol Residences in the Lap of Nature and Serenity

One of the most beautiful residencies in Andheri, at marol maroshi road, visited the place , with lush greenery and large expanses of land in the lap of nature. Being a true nature lover was awestruck by the huge tree dropping cotton sap balls all over the place. The Tata Nursery of wide range of plants and trees with exotic blooms is just round the corner and entering the Kanakia Rain Forest space seems to enter into a new domain!
Under construction housing project by Kanakia Spaces.

Gulmohar Tree at Kanakia Rain Forest

Kanakia Rain Forest Marol Andheri

Huge Tree at Kanakia Spaces

White feathery cotton

Majestic trees at Kanakia Spaces rain Forest

Exotic Trees at Kanakia Rain Forest

Tree House at Kanakia Rain Forest Andheri Marol

Tree House at Kanakia Spaces Rain Forest

Close to Seven Hills Hospital the high raised land area automatically brings down the temperatures giving it a hill station resort feel. Airport is ten minutes and Metro rail five minutes.
While the towers and apartments are Vaastu compliant the main attraction was the Tree House! While we would love to live amongst the clouds high rises, , just one thought, of the top views goes down to slums as we go on the top levels, all other factors get a thumbs Up!
Its a boom in these times to live in the lap of nature , exotic birds chirping and green expanses of land! take the ride in their mini cab! and don't forget to climb the tree house, I did that!
Another beautiful year unfolding, its been a pleasant journey, Thank you each one of you for reading my blogs, commenting and liking my blogs!Thanks a lot from Home Loans-Simplified Facts, Wish You a Very Merry Christmas and A Great New Year Ahead!
.All the Best from Rizwana!
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State Bank Home Loans Lowest Rates The only condition, you must be working and earning a regular income every month!

State Bank of India head quartered in Mumbai, the largest Banking institution in India in terms of Assets.

State Bank of India (SBI), has many home loan schemes tailored to the needs of customers including SBI Maxgain, SBI Realty, SBI Home Plus & NRI Home Loans. Some of the advantages of an SBI housing loan are low interest rates with interest on daily reducing balance, low processing fees, no hidden cost & no administrative charges, plus zero prepayment penalties.

Eligibility criteria is wonderfully expressed in Imagographic form. Home Loan eligibility online calculator is the first positive step, which can be done at your comfort and easy to follow. Compare home loan rates from top lenders, the lowest is from SBI.

From the peoples experiences and reviews it is the best bank in terms of home loans, and the going is smooth , with no foreclosure fees,  yet the processing and after services need to buck up, and they are into future going to take some steps to assure a good customer experience! As promised with quick approvals and what more the assurance of Pre Approved Home loans makes you in the best situation to negotiate with any housing property company or builder. 

Do share your experiences with SBI!

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Fat Diminisher System REVIEW DOES IT REALLY WORK? - The Perfect Guide To Weight Loss! |

Fat Diminisher System Review – Will It Work?

What is Fat Diminisher System?

Fat Diminisher is an online eBook that promises to help you lose weight and achieve the body of your dreams – just like most other weight loss guides.

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Metabolic Cooking - Fat Loss Cookbook 

I purchased the Metabolic Cooking set, and was impressed with the amount of information provided by the authors, Dave Ruel and Karine Losier. In addition, 9 bonus cooking videos are included, along with two other additional bonus guides. This package provides the complete 9 book set “Metabolic Cooking,” with over 250 recipes, each recipe intended to promote a thermogenic, or fat loss burning effect, in addition to the Fat Loss Optimizer Guide, a valuable introduction to the fat loss approach of the

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Venus Factor Reviews - Does The Venus Factor Diet Work?

Hi, Deborah Moore here. Thanks for checking my Venus Factor review. I purchased and researched this diet and weight loss system, its benefits and cons. Here you'll find everything you need to know about this popular program, pointing out the positive and the negative parts, how it works, how effective it really is, what the author credential are, the user testimonials, the clinical studies behind it and so on. In this review site you will find an in depth review of the program plus individual posts on the workouts, the diet plan, the Immersion community, the Virtual Nutritionist, author John Barban, a FAQs page and more. If you want to find out whether the Venus Factor will help you lose weight/ build muscle, look and feel better, You will love the in depth research and analysis I did about this program.

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Yes, you heard me correctly, 38 lbs. in a few short weeks, going from this to this, without any surgery, pills, or butt busting workouts whatsoever...

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تحميل برنامج انترنت داونلود مانجر Internet Download Manager اخر اصدار 2015

تحميل برنامج Internet Download Manager كامل للكمبيوتر

برنامج انترنت داونلود مانجر من البرامج الهامة لتحميل جميع الملفات من الانترنت سواء كانت العاب او برامج او مقاطع فيديو أو ملفات صوتية ، البرنامج له الفدرة على تحمبل الملفات بسرعة عالية مع أمكانية أستئناف التحميل فى اى وقت ، كما يقوم البرنامج باظهار السرعه الفعلية و الزمن المحدد لتحميل الملفات من الانترنت و معلومات الملفات المحملة و مصدر الملفات ، كما يمكنك من خلال برنامج انترنت دوانلود مانجر اضافة رابط صفحة و تحميل جميع مكوناتها من صور و ملفات وسائط متعددة ، برنامج الدوانلود مانجر قادر على تحميل أكثر من ملف فى وقت و احد و التعامل مع الملفات المضغوطة و أستكمال عملية تحميل الملفات من الانترنت فى حالة التوقف المفاجئ أو أنقطاع التيار الكهربائى وتم تحديث البرنامج لدعم التشغيل مع متصفح فايرفوكس 43 واضافة التحميل من المواقع المختلفة .

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Large Villas in UK Spain France Holiday Home Rent to Own Large Spaces Villa Homes

Large Villas in UK  Spain, France and most countries around the globe, another great investment tip for all financial institutions and individual bankers, and what most large corporate companies do here back home, is to invest in large homes around the globe. Not only are these running full all round the year as people are taking more and more family vacations.

Rented Large Villas

Holiday Home Villas Italy

Villas Own a Holiday Home UK

This way a lot of finance and hectic bookings is saved. There are also partners and friends who share the homes and enjoy the vacations abroad at different times of the year, without the hassles of booking large villas for family vacations. EMIs are calculated on the terms of repayment capcity of the loan borrowers or group of borrowers in accordance with their assets.

The decision requires a lot of investment but it is an assured way to earn great returns. And what more you can enjoy the vacations with your family , fully furnished villas as and when you wish, the rest of the year these can be offered on rent for families vacationing in UK/France/Spain.
Every financial company today has their branches in every country and you can avail a loan on buying property abroad wherever you reside. Just take care that every partner has the loan repayment capacity and equal understanding as large Villa holiday homes in UK/Spain/France are much sought after and if you wish to earn profit from this investment you will be vacationing almost every time off season!

All the Best from Rizwana!

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Some Important considerations in Rent To Own Policies

Rent to own is a policy where you get to buy a home on loan and the space is rented out for the desired time period. You thus get to earn profit from this rent that helps you to repay your home loan partly.

Rent to own policy in home loans

This policy is being promoted by housing finance construction companies for buyers who are purchasing property , houses, for investment purposes.

1) Before putting your precious investment money in such a scheme do find out whether the project is approved and has all the titles clear.

2) Will the rental public go to the space and stay, thus keeping the incoming rent going on for years. Locality of the houses. 

3) Is the maintenance charge of society and additional service charges of this particular rent to own society reasonable other wise you end up paying from your pocket! 

All the Best from Rizwana!

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Did You Get your Best Home Loan New Methods of Home Loan Transfer with no Charges

Loan Transfer No Charges

Did You Get your Best Home Loan? in the long process and tenure of home loans, usually amounting from ten to fifteen or more years there are changes, ups and downs bound to happen. Right from your priorities changing like raise in  salary or lowing of pay to the interest rates of your bank shooting up unreasonably!
Today many banks have options of loan transfers very easily and that too they have waivered the transfer charges. New Methods of Home Loan Transfer with no Charges can help you come out of your present home loan and opt for a better one that can reduce your EMIs and also help save some cash!
All the Best from Rizwana!

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The Formalities Just Got Tougher Home Loans Approved Does Your Bank Give Home Loan for any Locality

Home Loans Simplified Facts

Searching for a home, narrowing down to a few localities and then when the final call comes you learn your Bank does not give out home loans for certain localities!
Usually when home buying is concerned the first priority for anyone in any class is their budget. They very often have to select according to their budget and the amounts they can afford to repay in their salary and incoming money.
In middle  class as the inflation keeps rising the values of homes are getting dearer. Per square feet rates are increasing and many of them are opting for better options on outskirts of cities as they can in their budget afford larger spaces as homes in reasonable rates.
And usually whenever you go to visit a site under construction or any housing company  which has near completion projects on home constructions you get the same answer , home loans available.
What you don't know is that there are only certain specific banks that approve loans to specific construction companies.
So you may have to open a new account in the bank that approves loans for a particular selected home purchase on home loan.
And another fact is that certain banks do not approve home loans for certain areas.
Its advisable to check this out before as this will save precious time and avoid frustrations and delay in approval of your home loan!
All the Best from Rizwana!

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Are you thinking of buying a NA Plot? 8 Important Tips for buying Non Agricultural Plots for Sale

Are you thinking of buying a NA Plot? Some Important Tips for buying Non Agricultural Plots for Sale
1) Look up the website and also the actual land site first. See the documents whether the land has clear title. The owner has to have clear title of the land they are selling. The land must be on name of the owner, or seller, and if there are a group of owners they must all be mentioned in the deeds and approval for selling by all of them.
2) Some property sellers are also selling agricultural  land at throw away prices. With a promise to get the documents approved in making the Land NA. Buy from trusted reputed builders and property dealers as you have to take a huge risk.
3) The land must be NA plot,  non-agricultural. The land must have the permission from the Government to build houses and must be clear of the title of agricultural land. All land is agricultural on the outskirts and approval is required to allow construction to come up. If it is not done by the seller of land,  you will have to get the approval by submitting all the documents and get the approval before you can begin construction of house, villa or bungalow on such agricultural land.
4) Selecting a plot consider the environment, surroundings and facilities provided by the seller. The local village is near or far off. All daily necessities can be taken care of like electricity, water and in fact there have been cases where many plots are sold when there is no road or access to the plot! Even many famous Bollywood celebrities have been duped with buying of farm houses without proper electricity and water connections.

NA Plot for Sale 

5) Buying NA plots on loan, Loan facility for purchasing NA plots is also available with many housing agencies. Many land property sellers have tie up with housing finance companies and you get loan to purchase land or plot.
6) Take advantage of buying with payment in cash or cheque for full amount. If you wish to give the total payment do ask for a reduction in the cost of plot, you can avail great and heavy discounts and offers , concessions when you are willing to make total payment at one time for purchasing a plot or many plots.

7) Get receipts of payment after your deal. Signed and stamped by the sellers. You have to be careful if the plot has not get the approval of NA from Government and whether this is in progress you get a memorandum of understanding by the seller which states that the land has been transferred into your name, the buyer of the land.
8) Always take advice/ guidance from a lawyer while buying and also on taking possession of your NA plot/ NA plots or those plots that are not approved for construction purposes, as we never know when the sellers of land may back out leaving you and your investments in a mess!
All the Best from Rizwana!
www.razarts.com

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Grab the offer and get a spacious home in Gurgaon Large Spacious Elite Homes at Affordable Rates

Grab the offer and get a spacious home in Gurgaon Large Spacious Elite Homes at Affordable Rates. With many realty investors and home construction moving to the focal point , the elite hub, Gurgaon, we are seeing a lot of housing projects with large living spaces. Gurgaon with the increasing population of IT and finance sector professionals and many industries too moving here, home finance and housing construction companies too are catering to the needs and is giving homes to especially this sector.

Amantre Luxury Homes Gurgaon

The Gurgaon and Dwarka areas are changing face and new constructions with larger homes and all latest amenities and that too at affordable rates per square foot. Karla Realtors has become a prominent name here and beautiful complexes and societies with all the latest amenities with large spaces and Amantre, airconditioned living, must say air conditioned living is a must here as the climate soars much much higher than Mumbai.
3 BHK, 4 BHK , and larger homes Villas and other homes there are a lot of options for buyers as well as investors in property here, at Gurgaon. (Check out,  Ansal Amantre offers a new luxury residential project in sector 88A, Dwarka Expressway Gurgaon). 
Always remember booking at the beginning gives you a lot of concessions as well as saves a lot of money, but you have to bear the risk of when the projects will be completed. Always invest or buy from reputed builders and construction companies.
All the Best from Rizwana!
www.razarts.com

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SuperTech Astralis Noida Delhi Great for Office Space for NRIs and Investment Option

SuperTech Astralis Noida Delhi Great for Office Space for NRIs and Investment Option. Modern structures and falling near the proposed metro station , a great option for commercial space for offices and business.
Keeping in mind the life style and work habits the construction boasts of modern amenities like cafe's, recreation and fitness needs and malls.

Modern Office Spaces in Noida

Offices today need good locations for success and Noida is one of the upcoming happening space!NRIs searching for good options for office spaces and also as investment options for renting office spaces can check out this projects.
Always follow the advice of your personal lawyer in any property dealings, buying or selling of property.
All the Best from Rizwana!

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Chintels Acropolis Gurgaon another great option for NRI investment in Property

Chintels Acropolis Gurgaon another great option for investment in Property by Kalra Realtors, beautifully designed landscaped and large homes in this projects. If you are wishing to invest larger sums in modern projects Gurgaon is the place.

Buy a Home in Gurgaon

Check out the link Real Estate Property in Gurgaon.
Large spaces available so it is understood that the investment will be in larger sums. But since gurgaon is the most happening city coming up as great investment option with modernized amenities and constructions it is a good option for investment for NRIs and thought the amount invested will be larger the returns too shall be proportionate since the city is rising in fame and wealth.
Rental homes are also in lime lite in Gurgaon due to rise in IT sector professionals and many IT companies shifting base to Gurgaon.
All the Best from Rizwana!

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Would you an NRI Avail the Festival discount benefits for Home Loan Offers With Navratri and Diwali Home Loan Offers

Would you an NRI Avail the Festival discount benefits for Home Loan Offers? many NRIs when they visit home land during festivals can use this opportunity to check out offers and discounts as many home finance companies and also reputed builders offer great discounts on home loans and home sale.
Festivals are happy times of get to-together and family reunions. NRIs when thinking of investing in property have a predecided budget and many times also predecided destinations for buying property. In such cases it helps to avail these offers and sign on the dotted line and complete the finalizing of buying a home.

Garden attached with homes an added perks for home buyers

Home loan companies and banks also tap this opportunity and start campaigns for offers, sale,and  discounts for home loan borrowers. With the many concessions, perks and discounts though it is a good time to complete the home loan and home buying deals it is also important to assess how much money value you are getting with these discounts.

All the Best

There is also no harm in asking for more or concessions in money form as compared to other discounts as you an NRI will benefit more by value of cash saved rather than facilities and perks provided, unless of course if you are going to stay in this place.
With the Ganeshotsav just passing by and nine day navratri festival beginning from today and the soon approaching Diwali festival, offers and discounts are in full swing!
All the Best from Rizwana!
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NRI’s Why borrow from a Certified Home Loan Lender and Why you sometimes need a non certified loan lender

brings out the little girl in you even when your are grown and ready to drive!
NRI’s Why borrow from certified home loan lenders?  Everything is on paper. There is a certain way to apply, avail and get your home loan approved as an NRI. The repayment tenure plan programme is fixed on paper, and there is also a backup plan in case of your failure or delay to repay the EMI on desired time limit. The official call from agents about loans repayments, communication from their sides, status of your home loan and remaining amounts is what makes this a good choice for those who love discipline, have their documents in place, and need hassle free home loans. With a wide range of loans offered by reputed banks and certified finance companies for NRI’s you can get maximum loan amount to purchase home or property. Then there is also good communication from both sides regarding the status of your home loan as most reputed banks and finance companies have their branches around the globe.

Home Loans Simplified Facts

Still at times some NRI’s, need non certified home loan lenders also and the need is increasing , especially for private businesses and professionals who are making it on their own. As no questions are asked, only a brief history and assets are brushed up (your repayment capacity)  and you are offered home loan, without any hassles and that too in less time. The only risk comes when you are unable to repay the EMI or home loan on time then there may be ways these non certified agents recover their loan amount, which may or may not be such a good one. Also you will not have any records about the loan taken and repaid and most work is carried out with trust and reputation of non certified home loan lenders. Advantage here is also that you will get a larger amount, exceeding limits of your present situation, as loans as compared to certified finance companies.
It is understood that when you borrow from a non certified agent you get the home loan on much higher rate of interest. The tenure for repayment usually is also for a limited period of time , so the EMI amounts come to a much larger amount every month or may be in lump sum amounts every few months.
Hope this helps!
All the Best from Rizwana!

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Certified and Non Certified Home Loan Lenders

Certified home loan lenders will offer you loan on a certain amount valuing your assets and repayment capacity. Such are approved by the government and have to fulfill certain criteria to get the status of being certified loan lenders. Here it is all on paper and enough scrutiny about your past loan records and credit card payments as well as bank statements. Certified itself, means officially these financial representative officers are hired by finance companies to offer loans. There is a set pattern where you either qualify for a home loan or not, though in special cases banks and financial loan lending companies do go out of the way to help out borrowers , that are having the repayment capacity but not enough paper documents in place. Rules of repayment, tenure, interest rates are pre mentioned before offering you the home loan as everything goes per rules.

Global Loans

With the non certified home loan lenders it is a bit different. Not many questions asked, not much delay and not much hassles. But there may also be consequences in cases of being unable to repay on time or recovering the loan money. Advantages here are you can avail a large amount also without any paper work and with the time limit given you have to repay the loan amount. In some cases where there is repayment capacity but documents not in place they can avail a home loans easily from  private home loan lenders who may or may not be certified home loan lenders.
All the Best from Rizwana!

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As NRI Never Trust the Lawyer of the Home Finance Construction Company!

As NRI Never Trust the Lawyer of the Construction Company! not literally, lawyers are by profession needed in any legal property deals to make authentic documents and paper work but it is better to have your own hired personal lawyer also look up the matter of purchasing property as an NRI as well as with the home loan proceedings.

NRI buying property Home Loans

Legal advice is very essential for any NRI who wishes to purchase property in the home land as well as apply for a home loan.
Home loan approval and application can be done with any reputed finance company and as an NRI you can avail a certain amount as home loan for purchasing houses, property in the home town according to your financial position and investments or assets, that is your repayment capacity.
What any individual NRI would follow is to contact a finance company and take their advice and also their legal adviser opinions while progressing in their home loans and home purchase deals.
One thing to be always considered that a second opinion legally always matters. never trusts only the legal lawyer from the finance loan giving company or the finance arranged by the construction company.
With the added costs many NRI's avoid taking legal opinions and feel that the legal adviser of company would be from your side as well. But the legal adviser from the finance company will, no doubt consider the benefit of the company as they are their clients and may not be in so much favor for the buyers or home loan applicants. This does in no way mean that the finance home loan company lawyers they will make  your losses but it is just that they may not guide you for the fine print that matters to you or could get you more concessions and negotiations in the final rates of property purchases.

NRI home loan legal advice

It is always better to get an legal opinion from your side by another lawyer that will be working from your side and read the fine print as well as guide you , NRI in purchasing and dealing with finance issues of home/ land purchase and home loan proceedings. More on NRI Home Loans , NRI open account easily, NRI affordable renting homes in US, NRI eligibility criteria for home loans
All the Best from Rizwana!
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New Developments and Constructions Coming Up May affect your home prices drastically

Unexpected developments and constructions coming up affect home prices

Home prices are suddenly taking a turn either rising  or falling and all this because of unexpected new developments and construction that are coming up.
 In many localities and outskirts the government rules and regulations are taking a break and lots of new constructions are coming up. Without following the construction norms these new constructions springing up in large numbers may not be of reputed builders but are making their presence felt in the home market and are also having an effect on the area rates and home prices drastically.
With the supply increasing builders are willing to negotiate in order to sell as well as offering perks and added discounts for making more sales in the home market.
The effects seen in the home market due to this trend is lower rates and dropping home prices or sudden rise in prices of homes.
More homes than demand will affect as in dropping home rates in certain areas. There can also be an opposite reaction in some areas as for rising in rates as many people flood in these areas due to modern structures and well furnished homes available.
Good for investment purposes the outskirts with more modern developments can be tapped as homes still cost lower than in the cities and developments are going on with such fast rate that once an empty land is now a modern city with latest amenities and structures, and at one time when the rates of homes at outskirts of cities were minimal for large homes have now shooted up to almost rates like homes in hub cities!
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How your Home Loan can Save you an NRI From Financial Losses with property investments

How your Home Loan can Save you an NRI  From Financial Losses with property investments, yes taking a home loan might just be the one simple step that helps to save you, an NRI from huge financial losses.
Today investments are going towards only one direction, property. With so much fluctuations in market and shares and unpredictable situations it is the best form of investment for NRIs to invets in land and property in India.
One thing that usually happens is NRis visit India on a short trip look at some few places and invest in the property. Things sometimes can go totally wrong with so many unknown factors in buying  homes and land.
How can a home loan save you as an NRI while you invest in property here back home, is that the first and foremost approval of home loan requires that the house or land be approved of legal status. This is of utmost importance to have a clear title land or property.  

Home Loans Simplified Facts

Later on issues come up which will not only end you up in legal mess but also chances of you totally losing the property to another claimant. Land also may not have clear title of non agricultural land NA status which again needs that you go to legal procedures to transfer the land as non agricultural , only then can you build a villa or bungalow here.
You may also skip on the facts that electricity and water supply may just not be available on the property sold to you which yet is another issue that the home loans company takes into notice while approving your home loan.
Then comes accessibility, like roads, which you see on paper but in practical the space may be surrounded by forests or water features. This all may not be prominent while you purchase the proeprty as drawings, master plans,  on paper are always made beautiful and the artist may skip off totally some important features of the land. One example is that the land sold off to a NRI buyer was agricultural leaving them in a mess and after years they had still to solve the legal procedures, more over the land is so rocky, there are hardly any chances of building a home there. without spending large sums in leveling , filling up,  the land!
There may also be houses purchased during construction where projects have stopped work or delayed for years and years without any changes due to these unknown legal issues where your money gets stuck up with only financial losses every month over the years, leave aside the mental stress involved. Here your home loan company does all the research background work for you and only then do they approve your home loan as home loans are only offered to legal properties with clear title and that constructions which fulfill all the criteria.  
Many such issues are taken care off by your finance company that offers you home loans, and that you, as an NRI have the assurance of guarantee that the land and property is legal and clear title.
All the Best from Rizwana!
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