In my opinion, Pre-Approved Home Loan is one of the least risky way of buying a property through Home Loan by a buyer. Obviously it require intelligent planning and execution. Later in the post, I will explain how Pre-Approved Home Loan mitigate certain risks. Every product has its own advantages and disadvantages therefore before making any decision it is advisable to understand the product in detail. I receive lot of queries from my clients on Pre-Approved Home Loan therefore i decided to write a separate post on this subject. In my previous posts, i explained Pre-Approved Home Loan product ... Read More
Are you Financially Ready for Home Loan ?
Are you Financially Ready for Home Loan ? Unfortunalety no one pose this question to potential Home Loan Borrower. Infact, it is in the best interest of a borrower to ask himself whether i am financially ready for Home Loan or not. Financial Planning before availing Home Loan is imp task to avoid any future shocks. Home Loan is a huge financial committment (read: Financial Burden). If Home Loan financial readiness is not planned well in advance then it can lead into another financial mess. Based on my experience, i can say that biggest impact of Home Loan is on the family of a borrower. In ... Read More
All about Gold Loan
Gold Loan always reminded me of a Village Money Lender "Sukhi Lala" in the Indian Classic "Mother India". The entire story of a movie revolve around desperate attempt by a "Dacoit" son to get back 2 Gold Bangles (Sone Ke Kangan) of his mother, mortgaged with Sukhi Lala. From Personal Finance perspective, a classic movie was made on a broad concept of Gold Loan :) Gold Loan is contrary to Indian belief that Gold is another form of Goddess Lakshmi. I have written many posts related to Gold & deep routed love of Indians for Gold. Gold Loan has caught the fancy of Indians who need money at ... Read More