Which Loan Should You Prepay First?

You can check the impact of prepayments on your home loan using our Home Loan EMI Calculator. You recently landed up a hefty bonus. You have the financial wisdom of not splurging the entire bonus amount on expensive gadgets or a long vacation. You have earmarked a significant amount to prepay existing debt. But, there… Continue Reading

Is Buying Property a Good Investment?

At the outset, let me hasten to clarify that this article is not about renting vs buying a property. This article is purely an analysis on investing in real estate, its plus and minus points. i.e., treating direct investment in real estate as one of the avenues for deploying your surpluses for good returns and… Continue Reading

A Primer for First Time Apartment Buyers – Part Two

Having selected the property to buy, and after checking out the budgeting, it is time to start the process of buying the apartment in right earnest. Choosing a lender and home loan You need to book the apartment selected by paying the booking amount demanded by the seller. Booking amount may vary from 5% to… Continue Reading

A Primer for First Time Apartment Buyers – Part One

Buying a property is not like buying onions and potatoes. Firstly, the financial outgo is huge and may be a lifetime investment for many. Secondly, all properties are  not the same. All apartments in a complex with same dimensions are also not the same! Your selection of a particular apartment in the same complex has… Continue Reading

Home Improvement Loans: Dos & Don’ts

Once you have become a proud owner of an apartment, it requires to be furnished and maintained properly so that you continue to enjoy your investment. In the context of increasing cost of materials and labor, this requires a pretty large outlay of funds. Banks provide home improvement loans for renovation, buying new furniture and… Continue Reading

Understanding Reverse Mortgages

Once a person has crossed his (her) earning years, but has not planned for the retirement years, or financial planning has gone awry due to heavy unforeseen expenses/losses, or inflation has taken away the purchasing power of savings etc., what does he (she) do to live the remaining years on this planet without seeking handouts… Continue Reading