Investment v/s Home Loan pre-payment

Owning a home of yours is indeed a good feeling but in today’s world, it is invariably accompanied with the burden of a housing loan. The question that bothers borrowers is that should they receive an annual bonus or a lump sum amount from some source, whether it should be invested in other instruments or be used to pay off that huge outstanding due. Here is an attempt to enlighten you on some pointers that may help you make that crucial decision. read more at http://shopsandhomes.com/blog/index.php/2016/05/investment-vs-home-loan-pre-payment/

Coming soon-Fixed Rate for longer term Home Loans from SBI

If you are wondering whether With the new benchmark rates being reviewed every month, should new home loan borrowers keep checking rates or will the annual reset take care of everything, Arundhati Bhattacharya, Chairman of country’s largest lender State Bank of India explains it all here. read more at http://shopsandhomes.com/blog/index.php/2016/04/coming-soon-fixed-rate-for-longer-term-home-loans-from-sbi/

First dream home? You have something to cheer about!

If you have been vying on that dream home for a long time but were waiting for the right time, it has arrived! In the 2016 Union budget, the Finance Minister has proposed an introduction of additional deduction on interest for home loans up to Rs 35 lakh, with a rider that the value of the house doesn’t exceed Rs 50 lakh. read more at http://shopsandhomes.com/blog/index.php/2016/03/first-dream-home-you-have-something-to-cheer-about/

Budget 2016-17: Brings Cheer for First-Home Buyers

In today’s scenario where possession of the property within stipulated time is a challenge, Budget 2016-2017 proposes tax relief under Section 24 of I-T Act on interest payment on home loan if the property bought, or under construction, is completed within 5 years from the end of the financial year in which the loan was availed instead of the current 3 years. This could actually help save tax up to Rs. 60000. read more at http://shopsandhomes.com/blog/index.php/2016/03/budget-2016-17-brings-cheer-for-first-home-buyers/

Home Loan eligibility – your doubts busted here

Before even looking out for a property, buyers like to know the quantum of home loan they are eligible for. While that’s a good approach, there is always more clarity needed to make the final decision. We have attempted to throw light on some aspects to aid your decision making. read more at http://shopsandhomes.com/blog/index.php/2016/03/home-loan-eligibility-your-doubts-busted-here/