Tag Archives: home
Loan against property- an assured way of arranging finances
A lot of things might cross your mind when you think about starting a new business, sending your child overseas for further education or may be while planning a wedding. Arranging for finance is surely the first factor to think about. A lot of investment is required if you wish to begin a business, arrange a wedding or allow your child to study abroad. The Home Loan companies and banks are already well known for their support they offer to the home buyers. As personal loan has turned out to be a very common way of arranging money, Loan Against Property is proving to be a better alternative. There are so many factors to cheer about with a loan against property.
Features that matter
Today people have become aware of making the most of their property when they have to arrange finances for fulfilling some other dreams or to suit the situation.
A loan against property can be taken for any purpose like for arranging a wedding, to meet marriage or wedding expenses or even to meet abroad education dreams of children.
Residential property or a non-residential property which is fully constructed can be used to avail required finances.
With fixed and flexible rate options, the applicant has a flexibility to choose a suitable policy.
Loan against property can also be taken if you wish to arrange finances for expanding your personal business.
Generally 40% to 60% of the market value of the property can be received as a loan against property.
Features like repayment on the basis of EMI and a period of 15 years, make this kind of loan a popular choice.
It is definitely a secured way of availing a loan by utilizing the property as a security.
Applying for such a Home Mortgage Loan is simple, hassle-free and relatively non-bulky as there is no need to follow too much documentation.
There is no chance of the policy being rejected or disapproved as the property is kept as a security.
Loan against property is tagged as one of the economical retail loans just after the home loans. With lower interest rates, the LAP connected monthly installments are relatively cheaper. It is a popular secured loan in which the property value and individuals income determines the eligibility of maximum loan. Today when people are willing to raise money for fulfilling their further dreams, the option of loan against property from the banks and loan companies is doing the trick for them. Furthermore with advancements and growth of online marketplace, applying for such an option is very simple these days. Not just for funding future education of your child or arranging for a wedding, the loan against property is now used by individuals even for funding any bigger medical treatments. Simply put, it is surely a multi-purpose funding option with lots of merits!
Making Your New Older House Feel Like Home
With home and mortgage prices still greatly reduced around the country, many people are taking advantage of the market and buying their first homes. For most buyers, a first home is usually a bit older and often in need of some upgrades and repairs. However if you have purchased a beautiful older home and are now concerned that you might need to spend thousands of dollars in upgrades to make your new home comfortable and inviting, do not fret.
There are many ways that you can begin to add upgrades to your new older home without breaking the bank.
Install storm windows & doors: Storm doors and windows can add a great layer of protection from the elements for your home. For many older homes, storm windows can pay for themselves by saving you money on your heating bill. They will also make your home far more comfortable over the winter months by keeping out the drafts.
Seal drafts: One of the cheapest ways that you can help keep your new home toasty warm is by keeping the heated air from drifting out of cracks around windows, doors, and wall plugs. Install new weather stripping around your doors to help prevent cold drafts. Check out the selection of draft fixes at your local home improvement store for your particular needs.
Paint: A fresh coat of paint can brighten up an older home and make it look far more inviting than the 20 year old paint job that you bought the home with. Fresh paint can also help if the previous owners or tenants were smokers. If you are covering up stained or smelly walls, make sure that you talk to the pain expert at your local home improvement store so that you have the proper primer to use under your paint for best results.
Install water saving devices: Depending on how old your home is and how much you can afford, there are a variety of water saving features that you can use in your home to cut down on the amount of water you are using which can save you both on your water bill and your water heating costs. A new energy efficient hot water tank might be a bit pricey, but it can save you lots of money in the long run. Other great green options are water saver shower heads and faucets.
Even though it’s not uncommon to be a bit financially strapped when you first buy a home, there are often a few things that you can do to help make your new house feel more like home. See what improvements you can fit in your budget.