Reverse mortgage: Show me the money, say senior citizens

[] Although the reverse mortgage scheme was launched with excellent intentions, benefits for senior citizens who opt for the same, have remained limited The central government introduced the reverse mortgage scheme in 2008. Under the... Read more

Home loan options when buying an affordable home

[] Home loan instalments paid on an under-construction property, are based on a ‘margin share’ principle. Here’s a look at how this works and other points that applicants need to consider Generally, it is observed... Read more

Which payment plan suits your pocket?

[] With the market witnessing a slowdown over the past couple of years, payment plans that have been launched recently, have become more favourable towards buyers When a buyer opts to purchase a home, s/he... Read more

Be aware of pre-possession costs

[] Taking possession of your apartment can prove costly, if your developer levies additional charges and escalated costs. Understand these charges fully, to ensure a smooth transfer Divyansh Sharma, a first-time home buyer, who invested... Read more

Bank of Maharashtra cuts home loan rate to 8%

[] The public lender is one of the few banks that have come forward to offer some relief to homebuyers this festive season amid rising interest rates. Public lender Bank of Maharashtra has said it... Read more