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Let’s Talk Mortgage Loans

Best home loan rates - Get instant New Home Loan form HDFC for purchase of a flat, row house, bungalow from private or govt development authorities approved projects<br>

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Let’s Talk Mortgage Loans

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  1. Home Loan India

  2. Let’s Talk Mortgage Loans

  3. A Home Loan India is a money advance given by a bank against your property. • The property could be your house, a piece of land or any other form of personal or commercial real estate in your name. • This makes it a secured loan, which means the lender can forfeit your property if you fail to repay the loan. • If you are buying a property for the first time, you can use it as collateral to get a Mortgage Loan. This is also known as liens against property or claims on property.

  4. For what can I use a Mortgage Loan? • A Mortgage Loan can be used to cater to a host of personal financial needs, but it is most commonly used to purchase property. • A Mortgage Loan can also be used to buy commercial or industrial property. The biggest advantage of this loan is that you can continue using the mortgaged property while repaying the loan. • This loan will help you out whether you want to expand your business, buy a house, send your children abroad for higher studies or pay for an expensive medical treatment. • What kind of properties can I mortgage? • Almost all kind of real estate qualifies for a Mortgage Loan. You can mortgage the home you live in, or the one you have rented out.

  5. When you repay a loan, you return the principal amount with interest and within a time frame mutually agreed upon by you and the lender. • For a Mortgage Loan add property tax and insurance costs to this. • You might ask, why the insurance? Well, an insurance is to safeguard your property against damages. • All this sums up to quite a fat figure. So, make sure you factor in all these components before calculating your EMI.

  6. Click to Know more on Home Loan India : https://www.hdfc.com/housing-loans/home-loans/for-new-homes-salaried Thank You….

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