Mortgage or commonly known as home loan in India are a big burden on our shoulders. They normally consume half of your life span and take away most of your hard earned income!!

The way mortages/home loan EMI's work is that you are charged the maximum interest + minimum
principal in the early days of loan. The interest portion decreases over time along with increasing prinicpal. [More]

This article is meant to throw light on what all charges and fees you may be required to pay in case you want to take a home loan to finance your dream home. It is always better to plan for even small expenses which may come as a surprise to you in the process from applying till you actually sign the final loan sanction papers. [More]

Owing a home is a dream come true for most of us and I am no different. This is my personal story that I want to share so that other people who are also in the same boat can benefit from my experience. [More]

This article is aimed at clearing out the doubts over how a bank calculates your NET pay while calculating the eligbility for total loan amount. Normally, all banks provide home loans upto 60 times your monthly NET pay.
Well, all sounds good till the time you are talking to your bank executive or an agent over phone for your elibility. They ask you for your net pay, you answer 50K per month and they immediately say that you are elgibile for a 60 times your monthly net pay i.e. 30 lakhs of loan. [More]

Margin percentage is a concept which is quite prevalent in home loan cases and the loan borower is normally not aware of it until he has availed the loan. Nobody in the bank sales team will explain you the concept as it may confuse their prospective client which is you. We, as a loan borowwer never try to find out the intrinsic details while applying for loan as we ar ein hurry but find certain policies strange and betreyal by bank when we actually encounter them.

One of them in Margin percentage and I myself have learned this term when i went to bank to get the disbursement of loan and was taught the lesson of this concept. Here is the explanation of what it is and how it affects you as a loan borrower [More]