Reverse Mortgage

Reverse Mortgage Introduction: A reverse mortgage is a loan available to senior citizens, and is used to release the home equity in the property as one lump sum or multiple payments. The homeowner’s obligation to repay the loan is deferred until the owner dies, the home is sold, or the owner leaves the property. Reverse mortgage encompasses a More...

by admin | Published 8 years ago
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By admin On Friday, August 28th, 2009
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Special features of product offerings by various HFCs

Special features of product offerings by various HFCs: Standard Chartered ANZ has launched the Home Saver Account . Along with the Home Loan, your will get a FREE current bank account into which you may deposit More...

By admin On Wednesday, August 12th, 2009
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Housing Loans & Various Types of Frauds Detected by Banks

HOUSING LOANS & VARIOUS TYPES OF FRAUDS DETECTED BY BANKS After the various big Bank scams of the period from 1990s, Banks felt that it is necessary to spread their risks by advancing monies to individuals, More...

By admin On Monday, August 10th, 2009
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Reverse Mortgage

Reverse Mortgage What is a Reverse Mortgage? Reverse mortgages enable house owners to access the money they have built up as equity in their houses. Unlike an ordinary mortgage, which involves payments by the borrower More...

By admin On Saturday, August 8th, 2009
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Hidden Costs in the Housing Loans

Hidden Costs in the Housing Loans By Madhav Puranik, Chief Manager(Credit), State Bank of India What are the different purposes for which home loan can be taken? Home loan is available for following purposes: i) More...

By admin On Saturday, August 8th, 2009
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Short Term Effects of Home Loan Disbursements

SHORT TERM EFFECTS OF HOME LOAN DISBURSEMENTS – AN ANALYSIS Dr Sunder Ram Reader in Finance, NMIMS. A recent statement by the CEO of a leading housing finance institution estimated the disbursal of home loans More...

By admin On Thursday, August 6th, 2009
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Home Loan and Law

HOME LOANS AND LAW BY VIMAL PUNMIYA LLB (GEN.) In a bid to have a cutting edge some known institutions have sanctioned loans to consumers who unfortunately have been cheated by builders. All consumers need to know More...

By admin On Thursday, August 6th, 2009
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Five rights of guarantor against creditor

Five rights of guarantor against creditor :- By Advocate M V Kini a) Requiring the creditor to call upon the Principal Debtor also along with the Guarantor to pay off the due debt. b) Available facilities of set More...

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