Which is the best bank which offers the best with regards to home loan?
Keeping in mind all factors like %ge of interest, service etc which is the best bank for home loan. I have heard that HDFC and SBI are good. Please help!- Home loan: Best is LIC HOUSING FINANCE
- LIC Housing is better than other Banks i guess
- See if you can join a credit union near you. Some are available online only, so start searching there. A credit union will give you the best interest rate and easier terms. I got mine 1% below the best a mortgage company could offer. I also used their inhouse appraiser and le closing company and the savings were huge, and they will have less in the way of trash fees padding the bill. I probably saved at least $3, 000 using their processing and settlement company. I bought a house several years ago that had been foreclosed upon, and was forced to use the original bank, not knowing any better. They were HORRIBLE! They continually tried to have 3x's the annual taxes and insurance in escrow, against the law, but they did it anyway. Were always saying my house was empty when it wasn't, so the would call the ins. agent who would write a new policy on the house and send a bill to escrow so that would be increased. Then they would take my payment and send it to escrow so I would be late and they could add fees and charges, trying to force me into foreclosure! I sold the house just to get rid of the mortgage company. It was Homeside Lending then, and is WAMU now. Still the same horrible people ripping you off, so be very careful who you get your mortgage from. A credit union will be someone you know and can deal with on a reasonable basis. You are intimately involved with the day to day functions. You can vote off the President if he is not doing his job. With a conventional mortgage company or bank, you will have no control over who processes your mortgage. They do not have to answer anyone, not even the FEDs, which is why were are in a recession now! I have since been in mortgage lending, and it is like any other sales job, except that you will never really know what they are charging you for and what is bogus until after you sign the papers. The whole industry is more evil than an auto dealership, and less regulated, since most people do not know who to contact to find out if they have been ripped off, and none of the government people will help you, because the mortgage companies fill their pockets and campaign chests'
- it makes no difference which bank you choose. all banks are same. the rate difference could be there, but there is no other difference at all. choose any bank which GIVES you the loan
- If you would like to compare home loan rates in over 45 ins utions in India in one place, try Ratekhoj.com ratekhoj.com. It's a good site to compare home loan interest rates, fees etc
- Go for an established leader like HDFC. They have been leaders in this business right from the start. , and have set standard policies, which will benefit you. For e. g HDFC ensures that the builder & completes submits documents like registration, etc. in time. HDFC also usually follows a progress - linked payment scheme. So the builder is only paid at building milestones being achieved. HDFC sends its own surveyor to check on the progress and only when satisfied, releases the payment. Also, they do not attempt to grow the fastest, say like ICICI Bank which cut many corners while trying to grow too fast. Invariably the processes are short - circuited and there is many a fine - print to read between the lines, which you cant. All PSU banks like SBI, Corporation Bank are safe bets on this front. I would compare quotes form HDFC and a PSU bank, and then decide. Go for a daily reducing balance or atleast monthly reducing balance loan scheme. And compare aplles to apples i. e.compare for the same tenure, the method of reucing balance used, and the actual EMI per lakh, between 2 banks. The other thing to consider is pre - payment penalty. I think today all banks prescribe it, the minimum being about 2% Good Luck!
- LONE FOR HOUSE AS BEST FOR 1. HDFC BANK 2. ICICI BANK 3. LIC HOUSING
- HDFC is the best in terms of service, although the interest rates may be higher than the public sector banks. If you are looking for the lowest interest rates, go for PNB Housing Finance. Somebody mentioned about LIC Housing Finance, although it is not bad but they have a stupid policy. If you decided to pay your EMI by cash then you have to write your name / loan account no. on every currency note you deposit with them. My friend had to undergo this. Just imagine if you are paying Rs. 20K EMI in Rs. 100 currency notes! Also the final piece of advice, if you want peace of mind do not ever ever get a loan from ICICI. if you do so, you will regret!
Knowledge Base
What are the risks ociated with refinancing home loan with a local lender instead of the big companies?
we are in the process of refinancing our home & i recently submitted my contact info online & i am receiving calls from many of the local lenders, can anybody let me know if there are any risks ociated with the small companies instead of going with big banks like (best home loan)
Is it hard for a single woman to get a home loan?
i am a first time home buyer and am in the process of doing research to ge a home loan. the online mortgage calculators i can find say rates are based on married, two dependent households. because i have no dependents and all of my income would go toward my (bad credit home loans)
Does refinancing a home loan require that you provide bank with income taxes?
or does it only determine on the other factors such as credit score, equity etc ? my mother who was interested in refinancing told me that she would like too refinance but can not because she did not earn enough income last year, could this really be a factor?. my (online home loan)
Knowledge Base: Home Loan
It is a buyer's market - I understand that. Home equity loans, how do they work?
if i purchase a home for $300, 000, but it is appraised for $350, 000, will i have automatic built - in equity that i can use to consolidate $12, 000 in school loans and credit card debt? or, will i still have to pay down some of the p&i (refinancing home loan)
Any ideas how I can find an old mortgage loan number online? The home was sold about 4 years ago. ?
the mortgage company is argent llc. go to the le company. fyi you should have retained the closing paperwork for tax documentation. or contact the le company who handled the closing to see if they can provide it. that information is private. you might be able to research it at (bad credit home loans)
To get the best home loan, should I shop around?
i am looking to buy my first home. where should i look for the "best" home loan? is it a good thing to "shop around" for the best rate? btw, my credit is great, i have almost no debt, and $70, 000 in the bank. absolutely shop around & make (home loan)
what is the best home loan in NSW?
i live in sydeny and thinking of buying house in sydeny. what is the best home loan?. nsm ?. remember not to go to a broker because they earn commission which could have been discounts off your home loan and they throw you away after the sale. remember to haggle. (refinancing home loan)
What is a good online home mortgage loan company?
looking to apply online to see if i prequalify, i walked into citibank but they say they are too busy and are ignoring me. wells fargo is great honestly. have you googled "how much home can i afford" this is a very helpful first step. try again with local banks. (home loan)
Knowledge Base: Best Home Loan
Which is the best bank which offers the best with regards to home loan?
keeping in mind all factors like %ge of interest, service etc which is the best bank for home loan. i have heard that hdfc and sbi are good. please help!. lone for house as best for 1. hdfc bank 2. icici bank 3. lic housing. lic housing is better than (best home loan)
What is the best home loan for a short term mortgage?
it is for an investment property and i am only planning on holding on to it for 3 - 5 years. what is the best home loan available with the lowest payment without any differed intrest?. types of mortgages how much house you can buy also depends on your mortgage's (best home loan)
What type of home loan is best for someone with 680 Credit score, no money down?
i am looking to buy a home. my credit score is 680, but i have no money to put down. what is the best loan option for me? a friend is buying a home and he says his rate is 1% and his mortgage increases by 1% per year. not (best home loan)
What is the best way to get a home loan when you are getting divorced?
soon - to - be divorced mom of two would like financial advice on the best way to get a home loan. never been a part of the financial end of matters and serious advice would be appreciated. wait until you get divorced. that way you can use all the (best home loan)
What is best bank or mortgage company for home loan?
i do not have great credit history and would like to apply for a home loan to see if i qualify, but i want to know who is best to go threw for a good shot if my history is poor?. there is no one answer for your question, each (best home loan)
