Real Estate / ResaleAdvisor

Which one is better: floating or fixed rate home loan | By ResaleAdvisor When it comes to choosing between a floating or a fixed-rate home loan, it is important to consider your financial situation and what kind of risk you are willing to take. In the Indian market, home loans are available in both floating and fixed-rate options and thus, it is important to understand the advantages and disadvantages of both before making a decision. A floating-rate home loan is a loan where the interest rate is linked to the Reserve Bank of India (RBI) repo rate. This means that the interest rate fluctuates with the market and is subject to change. The main advantage of a floating-rate home loan is that it is typically lower than a fixed-rate home loan. This makes it an attractive option for those who want to save money on interest payments. Additionally, if the repo rate falls, your floating-rate home loan will become cheaper as the interest rate will decrease. However, there are also some ris...

Fixed-Rate Home Loan : A Complete Guide for Homebuyers in India | By ResaleAdvisor Are you an aspiring homeowner in India looking to purchase a house? If yes, then you must have heard of a fixed-rate home loan . This type of loan, also known as a fixed mortgage, is a popular financing option in India and around the world. It allows you to borrow a lump sum of money, typically from a bank, at a fixed interest rate, and pay off the loan over a predetermined period of time. In this article, we’ll take a comprehensive look at the advantages and disadvantages of fixed-rate home loans , how they work, and the best way to go about obtaining one. What is a Fixed-Rate Home Loan ?  A fixed-rate home loan is a type of mortgage that is secured against the value of your home. The loan is for a fixed sum of money at a fixed interest rate, which remains constant throughout the repayment period. This means that the amount of money you repay each month will remain the same until the loan is fully ...

What is a Floating-Rate Home Loan? | By ResaleAdvisor A floating-rate home loan is a type of mortgage that has an interest rate that is not fixed but rather fluctuates over the course of the loan period. This type of loan offers borrowers flexibility in terms of repayment and interest rate changes, as the rate is adjusted throughout the loan’s lifespan. A floating-rate home loan is an attractive option for borrowers in the Indian real estate market. With the volatile nature of the Indian economy, it can be difficult to predict what the future holds in terms of interest rates. With a floating-rate home loan, borrowers can benefit from lower interest rates if the market rates fall, and still have the flexibility to adjust their payments if the interest rates go up. The Indian real estate market is also one of the most competitive in the world, with a variety of lenders offering different types of mortgages to suit different needs. Floating-rate home loans are a great option for thos...

Factors to consider while making a token payment for a property | By ResaleAdvisor Pay attention, my friend, purchasing property is no laughing matter. There are a lot of considerations that must be taken into account. It is important to be financially responsible or seek the help of a trustworthy person to guide you through the process. If you are interested in purchasing a property in Delhi, or any other city, it is essential to have a thorough understanding of the legal process. For example, when booking a property, you will need to pay a token amount. For more information visit  www.resaleadvisor.com   Here are some things to keep in mind when making a token payment : 1. Keep evidence of the payment You must provide evidence that you have paid the token money. Without proof, it can be difficult to prove that payment has been made. Therefore, it is important to have a receipt or memorandum of understanding (MOU) to show that payment has been made. For more information visi...

Advantages of owning a house over renting it! | By ResaleAdvisor Everyone desires to possess a house that they can call their own. We strive throughout our lives to make this dream a reality, hoping to make our loved ones proud. However, when attempting to make this dream come true, an important question always arises. Should I purchase a house, or should I lease it? A home is not simply a structure made of walls and a roof; it evokes various emotions and feelings. It provides a sense of safety, and solace, and is a marker of financial success. In order to determine whether buying or renting a house is the right decision for you, you need to consider a range of factors and possible outcomes before making a decision.  The following list contains the benefits of purchasing a house to assist you in making an informed decision. And if you want to get more information on real  Emotional Security – At the conclusion of a long, demanding workday with a draining commute and ongoing...