Home Loan Mortgage

try out in http://www.honeybeeindia.com/
also see moneycontrol.com

4.9

I want to see all floating and fixed home loan rates in India. Is there such a website because I don’t want rates only from 4 or 5 banks

Try http://ratekhoj.com. I have found Ratekhoj.com to be an excellent site to get home loan rates from most leading Bnaks in India. Compare fixed and floating home loan rates and they also give other useful info such as fees, eligibility, margins etc. Definitely check it out.

which is good bank for home loan in Mumbai. good in all terms like current home loan rates which shold be less comp. to other bank and Housing fianance. loan amount will be 13 laks

State Bank of India is the best. rate of interest is lower than any other bank.

http://www.apnapaisa.com
Harsh Roongta talking on cut in home loan rates

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I am looking for a home loan and requesting some quotes from all the lenders.

1)Do I have to look at the APR% in all the quotes and see who is giving me lower rate ?

2) Are there any other factors which I should be looking at to see if I am getting good rate ?

Yes APR also considers the fees and adds that to stated rate.

From past few weeks I have seen the home rates going up above 5% to 5.65%.
Do you think that rates might come down this week ?

I heard that there will be a 10 yr bond treasury auction on june 10th and hoping that the rates will go down ?

Any suggestions or inputs.

Thanks

I don’t think so its going to come down any soon. In last five week it went up from 4.75% to 5.07% in 15 year fix mortgage last reading. It took five week or may be more to went up and it gonna take week to come down that’s happened because of refinancing.

About 10year treasury if the demand is gonna high for US debt than it might come down. 10 year goes up because of too much supply.
10 year is closely related to 30 year fix mortgage.

watch how good the auction is watch the results.

The home loan rates were around 4.75 – 4.9% last few weeks or so.

Now from past week it raised to 5.25%

Do you think the rates my go down or up in coming weeks or months ?

From what I have been reading the interest rated is projected to fluctuate between 5% and 5.5% throughout the next year. I do not think they will fall below the 5% level again. Anything around 5% is a excellant rate especially if you can lock it in for 15 or 30 years.

Why are home loan rates higher for non-occupied owners? Why should/does it make a difference whether I live in the house or not?

Rental property tends to appreciate less, even depreciate (in a normal market, not the one for the last year) where owner occupied does not. There is also a higher risk of losing the property completely to neglect, fire, etc as renters simply do not take care of the property, even basic cleaning.

Most of the time the average person can tell the difference between owner occupied and a rental just be looking at the house. Of course there are exceptions, owners who are slobs and renters who treat the house as if they own it, but for the most part the two groups of people treat property completely differently.

Loan and mortgage fraud is becoming big business across the country and crooks continue to find new ways to take advantage of almost anyone and steal any identity. Eyewitness News has uncovered an amazing case that involves a victimized grandmother in San Diego, a failing Los Angeles loan company and a Las Vegas man who doesn’t care who he hurts.

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