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Category: Home Loans

Benefits for First-Time Homebuyers in India

Benefits for First-Time Homebuyers in India

For many people today, owning a home has always been a lifelong dream. The real estate industry has seen a significant increase in the number of millennials and Generation Z aspirants. Yet, it can be difficult for first-time homebuyers to grasp financing criteria, arrange their budget, choose the ideal location, choose the size of the property, and many other factors. Luckily, there are certain specific benefits available to first-time homebuyers that encourage them to make significant real estate investments. But…

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A Complete Beginner’s Guide To Credit Scores

A Complete Beginner’s Guide To Credit Scores

Life can be much pleasant with a good credit score. It could help you achieve your dreams, whether it’s a car or a private apartment. This blog will give you a complete guide to all you need to know about credit scores.                                                                                                                                                                                                                                                                                                                                                                                      WHAT IS A CREDIT SCORE? Let’s assume that you need to lend or borrow money from any loan sector, whether it’s for an educational purpose, medical, or personal issue. There would be a time limit to return the…

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Finance A Home Purchase With Employees Provident Fund

Finance A Home Purchase With Employees Provident Fund

Provident Fund is an obligatory, government-run retirement savings scheme for salaried professionals. The Employees Provident Fund Organisation (EPFO) manages and functions under the Ministry of Labour and Employment of India. Provident Fund is a monthly arrangement, where both employer and employee contribute equally to the PF account. The goal of the employee PF scheme is to provide a total amount to employees after they retire.  But, employees can also draw out the amount before their retirement, subject to specific terms…

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A Guide to Property Financing When Buying A House

A Guide to Property Financing When Buying A House

Buying a house can be a challenging task to complete, but nonetheless an important one. With the expansion of your family, buying a home automatically becomes a priority. But as the property rates keep skyrocketing, it has become nearly impossible to invest in a home without pondering it countless times. You may find property financing complicated, however, you can sort out through proper guidance. EMI house loans take away a considerable amount from your finances and may carry on for…

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Tips For Home Buying

Tips For Home Buying

Investing a significant amount of your money into purchasing a home, which can be the most valuable investment for anyone, can be overwhelming. You can become extremely confused about where to start and what to look for, the whole process. We have provided a comprehensive guide on tips for home buying. If you’re looking to buy a home in Noida, there are many great residential options available in  Noida Extension. Let’s take a look at the steps you’ll need to…

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Super Saving Through Joint Ownership

Super Saving Through Joint Ownership

Couples working and managing a good income can have a windfall of savings for a dream house. Working couples can get tax benefits from revenue generated on house property. Compared to a sole earner, joint ownership of property can benefit when purchasing a house. Earners’ Advantage As the saying “two heads are better than one”, two earners are better at working towards property ownership by saving up income than one of them working for an extended period and taking a…

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FONRWA welcomes GST exemption on housing society RWAs

FONRWA welcomes GST exemption on housing society RWAs

Goods and Services Tax, also known as GST is the talk of the nation nowadays. GST is a tax applicable all over the nation which will flush out all the other taxes by the central and state governments. Every service in India will now have just one tax, which is the Goods and Service Tax. Although, the services provided by housing societies Resident Welfare Association will increase its amount under Goods and Services Tax. The RWA will only pay the…

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