HomeLoans by Harsh Vardhan Roongta

Can I make my salaried brother a co- applicant in order to increase the loan amount?
HomeLoans by Harsh Vardhan Roongta

Can I make my salaried brother a co- applicant in order to increase the loan amount?
Home-loan eligibility can be enhanced by clubbing the incomes of close relatives, such as spouse, parent and children. Some banks will also allow clubbing the income of brothers.
Which nationalised bank provides 100 per cent loan for a new flat?
No bank will offer you a 100 per cent loan. Normally, banks will finance 80-85 per cent of the total cost of the house while the remaining 15-20 per cent will have to come from your own sources.
I wish to know if there is any possibility of getting a loan to construct a house on my father's land.
Since the property is in your father's name you will have to take a joint home loan with him. You will get a joint home loan if your combined incomes justify the loan. If you are not a owner or co-owner of the property you will not be eligible for any tax benefits on the loan repayment even though you may be a joint borrower for a home loan and may repay the loan and interest amount yourself. I plan to buy a 2BHK under-construction property. The booking of the flat has been done in somebody else's name. He's been paying EMI's for the last 10 months and wants to sell the flat to me. Kindly let me know the procedure and agreements that need to be followed to transfer the home loan and property in my name.
If the owner has bought the flat by taking a loan, the same will have to be foreclosed. If you too are planning to take a loan to buy the property, the papers relating to the property held by the owner's bank will be transferred to your bank against full payment. You will also need an NOC from the developer .
The loan I had applied for has not yet been disbursed. What are pre-payment charges in such a scenario?
If no disbursement has happened, then there is no question of pre-payment charges.
But you may lose processing fee or any other charges that you may have paid to the lender.
I took a home loan of Rs 9 lakh at the rate of 11 per cent for 17 years from HDFC. I started paying the EMI directly after the first phase of the loan disbursement. If I have surplus funds, where will the partial pre- payment amount be adjusted?
The amount paid as partial pre-payment towards the home loan will be adjusted against the principal of the loan amount outstanding and that will reduce the interest liability subsequently.
Courtesy:- HT Estate dt:- 10-April-2010
For more information about real estate, real estate india, Indian real estate, property, property in india, Indian property, property for rent, rented property, apartment for rent, rented apartment, flats for rent, rented flats in delhi, property for sale in delhi, apartments for sale in delhi, flats for sale in delhi homes for sale in noida, flats for sale in noida, real estate in noida, investment option in noida, real estate consultant in noida, realty firm houses in noida, residence in noida, residence in delhi, residence in gurgaon, flats for rent in gurgaon Log in to http://www.zameen-zaidad.com/
And http://www.propertycafeteria.com
Author
Hi I am Ravi Chauhan I am working in (Bhardwaj Buildtech Pvt Ltd) Company in Delh
To Visit for more information http://www.zameen-zaidad.com & http://www.propertycafeteria.com/main.aspx
Company name
Shri Aditya Real Estate Bhardwaj Buildtech Pvt Ltd.
Address: - 460 Kohat Enclave Pitampura New Delhi:-110034

Posted in: