FREE-FREE- BUYING AN APARTMENT OR A SITE – OFFERS FROM ?????????????????????????

BUYING AN APARTMENT OR A SITE FROM A BUILDER / DEVELOPER AND THERE ARE MANY FREE GIFTS!!!! CLUB HOUSE-FREE MEMBERSHIP-FREE BANK LOAN ARRANGEMENT-FREE REGISTRATION-FREE DEAR BUYERS, USE COMMON SENSE AND THINK, HOW CAN THESE PROFIT MAKERS OR THE COMPANIES OFFER ANYTHING FREE FOR A STRANGE BUYER? IS IT POSSIBLE TO CREATE SOME CONCRETE THING OR … Continue reading FREE-FREE- BUYING AN APARTMENT OR A SITE – OFFERS FROM ?????????????????????????

DECLARATION CUM INDEMNITY BOND SIGNED BY THE HOME LOAN BORROWERS

HOME LOAN BORROWERS ARE UNAWARE OF THE FACTS THAT AT THE TIME OF AVAILING THE HOME LOAN EITHER FOR THE PURCHASE AND CONSTRUCTION OF THE HOUSE(COMPOSITE LOAN) OR FOR THE PURCHASE OF THE HOUSE OR APARTMENT, A DECLARATION CUM INDEMNITY BOND WILL BE SIGNED AS PER THE DIRECTIVES OF THE RESERVE BANK OF INDIA, WHICH … Continue reading DECLARATION CUM INDEMNITY BOND SIGNED BY THE HOME LOAN BORROWERS

PRE CLOSURE OR FORECLOSURE OF HOME LOANS AND RBI DIRECTIONS TO THE BANKS- UTILISE THIS CIRCULAR

RBI/2011-12/589 DBOD. No. Dir. BC.107/13.03.00/2011-12June 5, 2012 All Scheduled Commercial Banks (Excluding RRBs) Dear Sir/Madam Home Loans-Levy of fore-closure charges/pre-payment penalty Please refer to our circular DBOD. No. Dir. BC. 56/13.03.00/2006-2007 dated February 2, 2007 on reasonableness of bank charges. 2.  In this context, attention is invited to paragraphs 81 to 83 of the Monetary … Continue reading PRE CLOSURE OR FORECLOSURE OF HOME LOANS AND RBI DIRECTIONS TO THE BANKS- UTILISE THIS CIRCULAR

HOME LOANS AND RBI DIRECTIVES – TAX EVASION BY THE BUYERS IS UNDER SCRUTINY

RBI HAS DIRECTED ALL THE BANKS NOT TO OVER VALUE THE PROPERTIES WHICH INCLUDES STAMP DUTY, REGISTRATION FEE, SERVICE TAX, VAT AND OTHER ADDITIONS, WHILE PROCESSING THE HOME LOANS, AS THE REGULATOR RECEIVED COMPLAINTS OF SUCH DISCREPANCIES BY SOME OF THE BANKS. THE INCOME TAX DEPARTMENT IS EXAMINING THE HOME LOANS APPLICATIONS AND SANCTIONS AS … Continue reading HOME LOANS AND RBI DIRECTIVES – TAX EVASION BY THE BUYERS IS UNDER SCRUTINY

HOME LOANS AND GOVT PROPERTY -LAND GRABBING AND ENCROACHMENTS – BORROWERS ARE IN DOCK !

IT IS SAID THAT THE PROPERTIES IN THE VICINITY OF TANK BEDS,GOMALA LANDS, KAALU DHARI, BANDI DHARI,GUNDU THOPU, CA SITES IN BANGALORE EAST, NORTH, NORTH ADDITIONAL, ANEKAL AND SOUTH TALUKS, WHICH BELONGS TO GOVERNMENT SOLD ON FAKE/FABRICATED/GRANT CERTIFICATES/CERTIFIED COPIES OF BOGUS DOCUMENTS TO BUILDERS AND LAND MAFIA HAVE CONSTRUCTED MANY APARTMENTS AND THE BANKS HAVE … Continue reading HOME LOANS AND GOVT PROPERTY -LAND GRABBING AND ENCROACHMENTS – BORROWERS ARE IN DOCK !

HOME LOAN CONDITIONS- RBI-01-07-2011

A. Housing Loan for building construction        i.            In cases where the applicant owns a plot/land and approaches the banks/FIs for a credit facility to construct a house, a copy of the sanctioned plan by competent authority in the name of a person applying for such credit facility must be obtained by the Banks/FIs before … Continue reading HOME LOAN CONDITIONS- RBI-01-07-2011

MORTGAGE-ITS MEANING AND DIFFERENT KINDS OF MORTGAGES

Mortgage refers to the security of something given as a guarantee of repayment. Mortgage: Mortgage refers to “the transfer of interest in specific immovable property for the purpose of securing the payment of money advanced by way of loan". It must be borne in mind that only immovable property can be mortgaged. Lands, buildings, installed … Continue reading MORTGAGE-ITS MEANING AND DIFFERENT KINDS OF MORTGAGES

HOME LOANS AND RBI DIRECTIONS

Banks Can Give up to 90 Percent on Home Loans not exceeding Rs. Rs 20 Lakh The RBI has empowered the Banks to give up to 90 per cent of the value of the property in case of small value home loans up to Rs 20 lakh. But in case of loans above Rs 20 … Continue reading HOME LOANS AND RBI DIRECTIONS