FAQs on Fees Charges to be charged by the Society

By Accommodation Times News Service Q1 Can Service charges are charged per area of gala? Ans. As per provisions under bye-laws no. 69 (6) there is a provision to charge the service charges to all flat in equal proportion.   Q2 What is the composition of the charges of the Society? Ans. The contribution which can be

Can the property of Guarantor be attached ?

By Accommodation Times News Services Q. Can the property of Guarantor be attached ? A. Yes, You can attach the Guarantor’s property as long as Bank has the charge on that property and such properties can be attached irrespective of belonging to he borrower or guarantor. What is required is property must

FAQs on Housing Finance

By Accommodation Times News Services Q. Can the property of Guarantor be attached ? A. Yes, You can attach the Guarantor’s property as long as Bank has the charge on that property and such properties can be attached irrespective of belonging to he borrower or guarantor. What is required is property must

FAQs on the new -Liberalized Remittance Scheme

                      By Accommodation Times News Service Q.1. What is the Liberalized Remittance Scheme of USD 125,000? Ans. Under the Liberalized Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 125,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of

FAQs on Housing Loans

By Accommodation Times News Service Q 1. For what purposes can I seek a first time home loan? Ans. You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who

Housing Finance Rates Effects

1. For what purposes can I seek a first time home loan? You can generally seek a first time home loan for buying a house or a flat, renovation, extension and repairs to your existing house. Most banks have a separate policy for those who are going for a second house.

FAQ on Reverse Mortgage

Q.1.What is reverse mortgage? When you buy a house through a home loan, every EMI you pay towards servicing the loan increases your equity in the house. Once you payoff the loan in full, your equity in the house is 100 per cent. In reverse mortgage, exactly the opposite happens. When

Housing Finance FAQs

1. What are the different purposes for which home loan can be taken? Home loan is available for following purposes: i) To purchase or construct a new house/flat ii) To purchase an existing (old) house/flat iii) To extend, repair, renovate or alter an existing flat iv) To purchase a plot of land meant