Archive for : June, 2017
Why Do I Need Money At Closing For A VA Home Loan?
Let’s talk about one of the more common questions or misconceptions about the VA loan.
If this loan is 100% financing, why do I need money at closing?
When I consult with a potential client, I explain that there are 3 components that make up how much money you MAY need at the closing table.
Down payment (not needed on the VA)
Prepaid expenses (taxes and insurance)
To read the rest or to contact me, visit the link below
5 Easy Steps to Prepay A Home Loan
5 key steps you need to take while prepaying your home loan.They would reduce the total amount of home loan interest you pay.
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Welcome to FundooMoney, your 24X7 buddy on all your money matters! The longer you take to repay your home loan, more interest you pay. That’s why it is always a smart idea to prepay it before the end of the home loan tenure. Wondering how to go about home loan prepayment? We will give you a five step plan very shortly.
Avoid prepayment penalty
You need to avoid any prepayment penalty on your home loan. Typically, there is no prepayment penalty on floating rate home loan. However, a fixed rate home loan may have a penalty. In a hybrid loan, typically with a fixed interest rate period upfront, it is better that you see off that period and prepay when the floating rate period starts.
Choose suitable prepayment method
You have to save for an entire year and make an annual partial prepayment. Else you can request the lender to bring down the tenure of the loan by increasing your EMI to a level which you can afford for faster loan repayment.
Invest in better return alternatives
Home loan comes with tax advantages under Section 80C for home loan principal repayment and Section 24 for home loan interest payment. Some people prefer investing their surplus to generate higher returns after tax with which they hope to later prerepay their home loan. However, this route makes sense for savvy individuals who rarely falter with their investments.
Go for periodic partial prepayments
For many, it would be difficult to pay off the loan at one go. They might be better served by making successive partial prepayments to reduce the outstanding home loan amount and try to accelerate the home loan repayment.
We hope you found this useful. Got a smart tip on home loan prepayment? Why don’t you share it with us and others on this channel in the comments section? For more such actionable personal finance information, subscribe to our channel. Also, visit our website, download our mobile app and stay connected with us on Instagram, Pinterest and Slideshare.
ICICI Bank, HDFC reduce home loan rates
ICICI Bank, HDFC reduce home loan rates
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St.George Home Loans
When To Do A Balance Transfer Of Your Home Loan
If present home loan EMI is a major financial burden for you, it’s time for a home loan balance transfer. Shift your home loan to another lending institution through a home loan balance transfer. Some key things to keep in mind
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Welcome to FundooMoney, your 24X7 buddy on all your money matters. Banks and other financial institutions keep sending you mails and make phone calls about lower home loan rates for your home loan. The question is, should you refinance your home loan? We provide the answers but in just a while.
Who doesn’t want a lower home loan EMI? But you should refinance you home loan only under the following conditions.
You are paying a high home loan interest rate
If you feel that you are paying a high home loan interest rate, you would do well to do some market research. For instance, you could take the help of a home loan calculator in an established website and find out about the current home loan interest rates and EMIs, especially from other home loan providers.
Cheaper alternatives are available
If you are being charged a high interest rate while other lenders are offering home loan at much lower rates, you should consider refinancing your loan. However, ensure that the home loan provider will provide a loan for your property.
When your loan enters floating rate period
Hybrid home loans have a fixed interest rate for the initial years, followed by a floating rate for the remaining period. If it’s not more than 2-5 years away, wait out this period and refinance your loan. This will save you any prepayment penalty involved with the fixed rate period.
After your loan enters the floating rate period, compare the interest rate being offered by other home loan providers. If there is a difference of 1 percentage point or more, refinance your home loan.
We hope you found this useful. If you have other useful tips, share them with us and others in the comments section. For more such actionable personal finance information, subscribe to our channel. Also, visit our website, download our mobile app and stay connected with us on Instagram, Pinterest and Slideshare.
Understanding Your Home Loan: Robins Financial Credit Union
Robins 101: Buying a home is a big, exciting undertaking! As you begin your planning and learn more about mortgage loans, you will hear a lot of terms that may be unfamiliar.
As your guide through the mortgage loan process, Robins Financial wants to make sure you have a clear understanding of the key parts of a mortgage loan. In this video, we’ll break down the various upfront and ongoing costs involved in buying a home.
When you’re ready to start your journey to home ownership, or just want to learn more about the mortgage loan options at Robins Financial, visit our website here: https://www.robinsfcu.org/Borrow/Mortgage-Loans
To start a Mortgage Loan application, click here: https://www.robinsfcu.org/Apply-Loan
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Portfolio Product Realtor Video-Angel Oak Home Loans
3060 Peachtree Road NW Suite 500, Atlanta, GA 30305.
Angel Oak Home Loans LLC NMLS# 685842, NMLS Consumer Access Licensed in AL#21485, AZ #0927070, Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, CO Regulated by the Division of Real Estate, FL, GA # 32379, IL# MB6761061 Residential Mortgage Licensee, IN, LA, MD, NC#L-153288, ND, SC, TX, TN, VA, WI
Conventional Home Loans VS FHA Home Loans
Many families ask about the differences between conventional home loans vs FHA home loans.
Free Ebook, “9 Steps to Owning.” Get now: http://www.andrewfinneyteam.com/9-steps-to-owning
Find out more about 3 Distinct Points of difference in this quick video along with 3 Key Takeaways you can use today!
Bill shares more with us about the lowest down payment required for conventional loans and why the benefits of conventional loans.
He also shares keen insights about why FHA loans make sense for me families not only here in Las Vegas, NV but across our great nation too!
Check out our video and share your thoughts in the comments section below.
Have an idea for topic that you would like to know more about? Please post it in the comments section below.
If you haven’t already, please like the video and subscribe now. Thank you.
Table of Contents:
00:00 – Introduction
00:01 – Intro- The Real Estate Geek
00:17 – Animated Intro
00:28 – Topic Intro
00:34 – Intro- The Lender Genius
00:42 – 3 Distinct Differences- Conv VS FHA
00:49 – Distinct Point #1: Why Go Conv VS FHA
01:21 – Distinct Point #2: Down Payment Amounts
02:15 – Distinct Point #3: Why FHA VS Conv
03:14 – 3 Key Takeaways You Can Use Today!
03:28 – Key Takeaway #1
03:43 – Key Takeaway #2
03:58 – Key Takeaway #3
04:12 – Which Loan is Best for You?
04:27 – Get Pre-Approved Financing
04:48 – Don’t Forget! Please LIKE & SHARE Now!
04:54 – Credits & Legal Stuff
05:02 – You’ll Love This!
Andrew Finney is a USMC Combat Veteran & Real Estate Consultant with BHHS, Nevada Properties.
Bill Merren is a USA Veteran & Senior Loan Officer with New American Funding.
Looking forward to hearing from you soon!
Real Estate Geek:
USMC Combat Veteran/ Real Estate Consultant
Call/ Text: 702-465-7774
BHHS, Nevada Properties
7475 W. Sahara Ave. Suite 100
Las Vegas, NV 89117
USA Veteran/ Senior Loan Officer
New American Funding NMLS# 6606
Call/ Text: 702-332-1361
Thank you for watching our video!
Top 10 Home Loan Providers in India
Top list 10 Home Loan Providers in India. all people available is home loans in India. Housing finance is a relatively new concept in India comparing to other financial services that are widely available in the country since a long year back. As the commercial banks started expanding housing-related disbursements, the market share also started growing up.
Purchasing house or building is just an imagine every individual. Would you like to satisfy of having your house your dream? A house mortgage might help one to link the space between actuality and your desire. At Deal4loans, we have confidence in loans not and by-choice by-chance. We give an opportunity to evaluate the very best choices on the market to you.
You examine some key points from various creditors whilst evaluating mortgage loans it’s required. Assessment as it pertains to loans’ major-key factors are the following:
✔ rates of interest
✔ Control costs
✔ Recovery time
Nevertheless, not and you have to see the mortgage within the whole bundle just concentrate on components that are personal. The probabilities would be the charge structure is large if your mortgage includes a really low rate of interest.
“Riptide” Kevin MacLeod (incompetech.com)
Licensed under Creative Commons: By Attribution 3.0
Watch DHFL’s journey of making Home Loans available across all income groups
The video is about DHFL’s legacy, & its vision to transform the lives of Indian households by enabling access to home ownership. Over its 30 years of existence in the housing finance sector with over 570 business locations across India.