Modern-Day Redlining: Banks Face Probes for Refusing Home Loans for People of Color
https://democracynow.org – A shocking new investigation by Reveal and the Center for Investigative Reporting has uncovered evidence that African Americans and Latinos continue to be routinely denied conventional mortgage loans, even at rates far higher than their white counterparts, across the country. According to the piece, the homeownership gap between whites and African Americans is now wider than it was during the Jim Crow era. Reveal based its report on a review of 31 million mortgage records filed with the federal government in 2015 and 2016. The investigation found the redlining occurring across the country, including in Washington, D.C., Atlanta, Detroit, Philadelphia, St. Louis, and San Antonio, Texas. Since its publication earlier this month, the report has sparked national outrage and, in some states, unusually swift political action. Pennsylvania’s attorney general and state treasurer have both launched investigations into redlining in Philadelphia. We speak to Pennsylvania state Senator Vincent Hughes and Aaron Glantz, senior reporter at Reveal from The Center for Investigative Reporting. His new investigation is headlined “Kept out: How banks block people of color from homeownership.”

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SBI MaxGain Home Loan Features, Benefits, Advantages and Disadvantages
This video explains you about the SBI MaxGain Home Loan features, benefits, advantages and disadvantages. Along with that this video explain about how you can beenfit more by opting this home loan.

HOW TO SIP IN MUTUAL FUNDS AND BUY HOME WITHOUT LOAN
Why do we prefer a loan when it could prove to be easier to plan well in advance by choosing the save-and-invest route?
he system of giving loan by financial institutions has made the common man lazy and complacent. We take loans at the drop of a hat, ranging from home loans to vehicle loans to education loans to consumer durable loans to personal loans to mortgage loans to even availing loan to clear a loan!

Why do we prefer a loan over the idyllic habit of planning for events well in advance by choosing the saving and investing route? Let’s consider the example of a home loan which is the largest and the longest compared to all loans. The normal age at which one takes a loan is about 25 to 30 years, the early earning years of a young man. He struggles to mobilize the 20% down payment criteria and avails the balance 80% as loan and further struggles to clear the loan over the next 20 odd years.

oday, an ordinary two-bedroom apartment costs about Rs.50 lakh for which, if a loan is taken, Rs.10 lakh would be the down payment and the rest would be funded by a bank or an HFI. What would have been an ideal situation to have avoided taking a loan or at least reduce the burden of quantum of loan?

The solution for this situation would have been planning well in advance. If the father or the parent of the person who is borrowing today had set aside an amount of Rs.1,000 per month some 20 or 22 years ago in a diversified equity mutual fund he would have comfortably created a corpus of Rs.50 lakh by now (between 1993 and 2015). Evidences by way of Franklin India Prima Fund, HDFC Equity Fund, Reliance Growth Fund, and diversified equity mutual funds, can be proof enough.
The example of 15% CAGR has been considered discounting the CAGR offered by leading mutual fund schemes that has generated above 20% p.a. returns over the same period. Another fresh year is fast approaching in just a couple of weeks. If you are a young parent or going to become a parent in the near future, think hard about these possibilities.

Understanding the Pradhan Mantri Awas Yojana in Telugu | PMAY – Indiabulls Home Loans
Know more about the features of Pradhan Mantri Awas Yojana (PMAY) in Telugu with Indiabulls Home Loans & get closer to your own #home with an interest subsidy of 6.50%* p.a. Find out how the Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme has made owning your dream #home so much more affordable. Click here to apply now- http://bit.ly/2qRu3je

#PMAYscheme #PMAY #Telugu

HDFC’s Rural Housing Finance – Loans to buy a home in rural areas
Specially designed loans to Agriculturists, Planters, Horticulturists, Dairy Farmers for:

1. Purchasing an under construction / new / existing residential property in the rural and urban areas.

2. Constructing your home on a freehold / lease hold residential plot in the rural and urban areas.

3. Enhancing your home in many ways such as tiling and flooring, internal and external plaster and painting etc.

4. Extending / adding space to your home such as additional rooms etc.

pm modi new schemes for loans 2.5 lakh govt pay your home loan Noida to Delhi news pm modi speech
pm modi new schemes and latest news for all home loans 2.5 lakh govt pay your loan Noida to Delhi news modi speech
Government will pay 2.5 lakh of your loan!
If you are planning to buy a house in Noida or Greater Noida, adjacent to Delhi, then it is good news for you. Under the Pradhanmantri Awas Yojana, the people of middle-income people who buy the house in these two cities are ready to give relief of up to Rs 2.5 lakhs.

New Delhi: If you are planning to buy a house in Noida or Greater Noida, adjacent to Delhi then it is good news for you. Under the Pradhanmantri Awas Yojana, the people of middle-income people who buy the house in these two cities are ready to give relief of up to Rs 2.5 lakhs. This relief will be available as a subsidy on home loan. The Uttar Pradesh government has recommended the Ministry of Urban Development to include Noida and Greater Noida in the list of cities to get benefit of the Prime Minister’s Housing Scheme (PMAY).
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According to a news published by sources in an English newspaper, the ministry has issued the necessary codes for these two cities and have forwarded them to the National Housing Bank (NHB) and Housing and Urban Development Corporation (HUDCO). It is being said that soon a new list of cities which will get subsidy on home loans will be issued under the Prime Minister’s Housing Scheme, which will include Noida and Greater Noida.

Interest free home loan investing in mutual fund sip trick
INTEREST FREE HOME LOAN TRICK
This is the calculation you need to keep in mind. For instance, you took a home loan of 48 lakh for 25 years tenure. Considering home loan interest at 8.5%, the total amount payable to bank is Rs 11,595,270 at the end of 25 years.
Now, as per the calculation the interest amount is Rs 68 LAKHS
Now, suppose you start a SIP for the same tenure as your home loan which was for 25 years. If you invest just Rs 2096, which 0.043% of your home loan amount, for 25 years, the principal amount comes to Rs 6.28 lakh (300*2096).
If the return generated by SIP mutual funds is 15%, so after 25 years you will get back Rs 68 LAKHS. Even if you deduct your SIP money invested which was Rs 6.28 lakh from the amount earned, then you will get 68.20 LAKHS. This amount is nearly 20,000 more than that your interest on home loan amount, WHICH IS 6800000
Which means, you can easliy pay your home loan interest amount by returns from SIPs. So, while you are running for getting home loans, do not forget to invest in SIPs to make interest on home loans for free.

Smart Home Loan – 2 | ASB
As homes are getting smarter, so are ASB’s home loan rates. And with our range of smart tools, an ASB home loan is a smart choice.
Visit https://asb.co.nz/homeloans to find out more

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Blacks and Latinos say they have trouble getting home loans in Philadelphia. Here’s what’s happening
Since banks constricted credit after the 2008 housing bust, they have been slowly increasing the amount they’re lending. But this economic prosperity has not reached everyone. Watch part two of a two-part series by Aaron Glantz of Reveal.

How to log in into the Indiabulls Home Loans mobile app using your fingerprint
Avoid the hassle of putting passwords every time. Log in to the Indiabulls Home Loans mobile application using your fingerprint. Watch this video to know how. #CustomerFirst

Website: https://www.indiabullshomeloans.com/

Mobile app for Android: https://play.google.com/store/apps/details?id=com.ibhfl.indiabullshomeloans&hl=en

Mobile app for iOS: https://itunes.apple.com/in/app/indiabulls-home-loans/id1048868136?mt=8