Mortgage Calculator with Current Rates – Calculate Mortgage Payments with Ease from, house mortgage rates.#House


Mortgage Calculator

Calculate your monthly mortgage payment using the free calculator below. A house is the largest purchase most of us will ever make so it’s important to calculate what your mortgage payment will be and how much you can afford. Estimate your monthly payments and see the effect of adding extra payments.

Choose a lender below and lock in your estimated payment of $ or less

Advertising Disclosure

Bankrate Recommends

House mortgage rates

Where will mortgage rates head next week?

Mortgage experts predict what will happen to rates over the next week — and why.

House mortgage rates

How much house can I afford?

Use this calculator to determine how much mortgage you can afford to take out based on your income and expenses.

House mortgage rates

Mortgage Basics

This step-by-step guide will help you understand the sometimes-difficult journey to homeownership.

House mortgage rates

Top 10 mortgage tips for 2016

Thinking about buying a house? These tips will help you find the best mortgage for you.

Helpful Calculators & Tools

Loan Calculator

This loan calculator will help you determine the loan monthly payments on a loan. View Calculator

Amortization Calculator

How much of your monthly payment will go towards the principal and how much will go towards the interest. View Calculator

15 or 30 year mortgage?

Lets us help you decide which mortgage loan is right for you. View Calculator

Debt ratio Calculator

Your debt-to-income ratio can be a valuable number — some say as important as your credit score. View Calculator

About our Mortgage Rate Tables

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders’ terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser’s own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertiser’s phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $424,100 May Have Different Loan Terms: If you are seeking a loan for more than $424,100, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

Consumer Satisfaction: If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please click here to provide your comments to Bankrate Quality Control.

Mortgage Calculator Help

Using an online mortgage calculator can help you quickly and accurately predict your monthly mortgage payment with just a few pieces of information. It can also show you the total amount of interest you’ll pay over the life of your mortgage. To use this calculator, you’ll need the following information:

The dollar amount you expect to pay for a home.

The down payment is money you give to the home’s seller. At least 20% down typically lets you avoid mortgage insurance.

If you’re getting a mortgage to buy a new home, you can find this number by subtracting your down payment from the home’s price. If you’re refinancing, this number will be the outstanding balance on your mortgage.

Mortgage Term (Years)

This is the length of the mortgage you’re considering. For example, if you’re buying new, you may choose a mortgage loan that lasts 30 years. On the other hand, a homeowner who is refinancing may opt of a loan that lasts 15 years.

Estimate the interest rate on a new mortgage by checking Bankrate’s mortgage rate tables for your area. Once you have a projected rate (your real-life rate may be different depending on your overall credit picture) you can plug it into the calculator.

Mortgage Start Date

Select the month, day and year when your mortgage payments will start.

Mortgage Calculator: Alternative Use

Most people use a mortgage calculator to estimate the payment on a new mortgage, but it can be used for other purposes, too. Here are some other uses:

1. Planning to pay off your mortgage early.

Use the “Extra payments” functionality of Bankrate’s mortgage calculator to find out how you can shorten your term and net big savings by paying extra money toward your loan’s principal each month, every year or even just one time.

To calculate the savings, click “Show Amortization Schedule” and enter a hypothetical amount into one of the payment categories (monthly, yearly or one-time) and then click “Apply Extra Payments” to see how much interest you’ll end up paying and your new payoff date.

2. Decide if an ARM is worth the risk.

The lower initial interest rate of an adjustable-rate mortgage, or ARM, can be tempting. But while an ARM may be appropriate for some borrowers, others may find that the lower initial interest rate won’t cut their monthly payments as much as they think.

To get an idea of how much you’ll really save initially, try entering the ARM interest rate into the mortgage calculator, leaving the term as 30 years. Then, compare those payments to the payments you get when you enter the rate for a conventional 30-year fixed mortgage. Doing so may confirm your initial hopes about the benefits of an ARM — or give you a reality check about whether the potential plusses of an ARM really outweigh the risks.

3. Find out when to get rid of private mortgage insurance.

You can use the mortgage calculator to determine when you’ll have 20 percent equity in your home. This percentage is the magic number for requesting that a lender wave private mortgage insurance requirement.

Simply enter in the original amount of your mortgage and the date you closed, and click “Show Amortization Schedule.” Then, multiply your original mortgage amount by 0.8 and match the result to the closest number on the far-right column of the amortization table to find out when you’ll reach 20 percent equity.


Current Interest Rates on Home Loans, Savings, Car loans – CD Rates, house mortgage rates.#House


Today’s Interest Rates and Financial Advice:

House mortgage rates

Financial Advice

Would you like to buy a home but worry that you’d never qualify for a mortgage? It’s time to stop guessing and evaluate your chances to land a loan based on everything from how much you make to your credit score. Believe it or not, the odds are in your favor.

November 14th 2017

The average cost of financing a new or used car or truck has stayed low over the past year, making auto loans a bargain by any historical measure. And buyers with reasonably good credit can always take advantage of the discount loans automakers are offering on many models.

November 13th 2017

Lending money to your child is risky business. But if you can avoid the personal pitfalls and convince the federal government that this is really a loan, and not a gift, the Bank of Mom and Dad can be a financial boon for everyone in the family.

November 13th 2017

Here’s how to make all of the right decisions so that you’ll save more, invest wisely and take full advantage of all the tax breaks to build your retirement nest egg.

November 10th 2017

It’s not enough to find a good location at an affordable price. Condo buyers must consider lots of extra costs, from association fees and special assessments to how well the building is maintained and how strictly it enforces rules on everything from noise to pets.

November 10th 2017

You’ve scouted out the best mortgage rate and fought hard to get the best price on your new home. But your bargaining shouldn’t stop there. Here’s how you can save on everything from settlement fees to title insurance.

November 8th 2017

House mortgage rates

Interest ing Snapshot

Individual retirement accounts, or IRAs, are a great way to build financial security for you and your family. They’re easy to open and our simple strategy helps you make all the right decisions now, and in the years ahead.

House mortgage rates

House mortgage rates


Mortgage Calculator with Current Rates – Calculate Mortgage Payments with Ease from, house mortgage.#House #mortgage


Mortgage Calculator

Calculate your monthly mortgage payment using the free calculator below. A house is the largest purchase most of us will ever make so it’s important to calculate what your mortgage payment will be and how much you can afford. Estimate your monthly payments and see the effect of adding extra payments.

Choose a lender below and lock in your estimated payment of $ or less

Advertising Disclosure

Bankrate Recommends

House mortgage

Where will mortgage rates head next week?

Mortgage experts predict what will happen to rates over the next week — and why.

House mortgage

How much house can I afford?

Use this calculator to determine how much mortgage you can afford to take out based on your income and expenses.

House mortgage

Mortgage Basics

This step-by-step guide will help you understand the sometimes-difficult journey to homeownership.

House mortgage

Top 10 mortgage tips for 2016

Thinking about buying a house? These tips will help you find the best mortgage for you.

Helpful Calculators & Tools

Loan Calculator

This loan calculator will help you determine the loan monthly payments on a loan. View Calculator

Amortization Calculator

How much of your monthly payment will go towards the principal and how much will go towards the interest. View Calculator

15 or 30 year mortgage?

Lets us help you decide which mortgage loan is right for you. View Calculator

Debt ratio Calculator

Your debt-to-income ratio can be a valuable number — some say as important as your credit score. View Calculator

About our Mortgage Rate Tables

About our Mortgage Rate Tables: The above mortgage loan information is provided to, or obtained by, Bankrate. Some lenders provide their mortgage loan terms to Bankrate for advertising purposes and Bankrate receives compensation from those advertisers (our “Advertisers”). Other lenders’ terms are gathered by Bankrate through its own research of available mortgage loan terms and that information is displayed in our rate table for applicable criteria. In the above table, an Advertiser listing can be identified and distinguished from other listings because it includes a “Next” button that can be used to click-through to the Advertiser’s own website or a phone number for the Advertiser.

Availability of Advertised Terms: Each Advertiser is responsible for the accuracy and availability of its own advertised terms. Bankrate cannot guaranty the accuracy or availability of any loan term shown above. However, Bankrate attempts to verify the accuracy and availability of the advertised terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. Click here for rate criteria by loan product.

Loan Terms for Bankrate.com Customers: Advertisers may have different loan terms on their own website from those advertised through Bankrate.com. To receive the Bankrate.com rate, you must identify yourself to the Advertiser as a Bankrate.com customer. This will typically be done by phone so you should look for the Advertiser’s phone number when you click-through to their website. In addition, credit unions may require membership.

Loans Above $424,100 May Have Different Loan Terms: If you are seeking a loan for more than $424,100, lenders in certain locations may be able to provide terms that are different from those shown in the table above. You should confirm your terms with the lender for your requested loan amount.

Taxes and Insurance Excluded from Loan Terms: The loan terms (APR and Payment examples) shown above do not include amounts for taxes or insurance premiums. Your monthly payment amount will be greater if taxes and insurance premiums are included.

Consumer Satisfaction: If you have used Bankrate.com and have not received the advertised loan terms or otherwise been dissatisfied with your experience with any Advertiser, we want to hear from you. Please click here to provide your comments to Bankrate Quality Control.

Mortgage Calculator Help

Using an online mortgage calculator can help you quickly and accurately predict your monthly mortgage payment with just a few pieces of information. It can also show you the total amount of interest you’ll pay over the life of your mortgage. To use this calculator, you’ll need the following information:

The dollar amount you expect to pay for a home.

The down payment is money you give to the home’s seller. At least 20% down typically lets you avoid mortgage insurance.

If you’re getting a mortgage to buy a new home, you can find this number by subtracting your down payment from the home’s price. If you’re refinancing, this number will be the outstanding balance on your mortgage.

Mortgage Term (Years)

This is the length of the mortgage you’re considering. For example, if you’re buying new, you may choose a mortgage loan that lasts 30 years. On the other hand, a homeowner who is refinancing may opt of a loan that lasts 15 years.

Estimate the interest rate on a new mortgage by checking Bankrate’s mortgage rate tables for your area. Once you have a projected rate (your real-life rate may be different depending on your overall credit picture) you can plug it into the calculator.

Mortgage Start Date

Select the month, day and year when your mortgage payments will start.

Mortgage Calculator: Alternative Use

Most people use a mortgage calculator to estimate the payment on a new mortgage, but it can be used for other purposes, too. Here are some other uses:

1. Planning to pay off your mortgage early.

Use the “Extra payments” functionality of Bankrate’s mortgage calculator to find out how you can shorten your term and net big savings by paying extra money toward your loan’s principal each month, every year or even just one time.

To calculate the savings, click “Show Amortization Schedule” and enter a hypothetical amount into one of the payment categories (monthly, yearly or one-time) and then click “Apply Extra Payments” to see how much interest you’ll end up paying and your new payoff date.

2. Decide if an ARM is worth the risk.

The lower initial interest rate of an adjustable-rate mortgage, or ARM, can be tempting. But while an ARM may be appropriate for some borrowers, others may find that the lower initial interest rate won’t cut their monthly payments as much as they think.

To get an idea of how much you’ll really save initially, try entering the ARM interest rate into the mortgage calculator, leaving the term as 30 years. Then, compare those payments to the payments you get when you enter the rate for a conventional 30-year fixed mortgage. Doing so may confirm your initial hopes about the benefits of an ARM — or give you a reality check about whether the potential plusses of an ARM really outweigh the risks.

3. Find out when to get rid of private mortgage insurance.

You can use the mortgage calculator to determine when you’ll have 20 percent equity in your home. This percentage is the magic number for requesting that a lender wave private mortgage insurance requirement.

Simply enter in the original amount of your mortgage and the date you closed, and click “Show Amortization Schedule.” Then, multiply your original mortgage amount by 0.8 and match the result to the closest number on the far-right column of the amortization table to find out when you’ll reach 20 percent equity.


Open House Flyer, Mortgage Flyers, Mortgage Marketing, Software, REALTOR® Marketing, House Flyer, House Flyers, house


house mortgage

For the real estate agent and mortgage lender, OSI Express Software provides perfect answers for your compliance and I.T. departments.

Mortgage Software and Real Estate Software Corporate Solutions

We provide you the tools to gain control over your real estate and mortgage marketing, ensure compliance and save time. Our new web based real estate marketing software allows corporate administrators to simply login to manage all team members, disclaimers by flyer type, closing cost and APR calculations.

Mortgage Marketing Software – Loan Officer Marketing Software Version

OSI Express loan officer marketing software is the industry’s best choice for accurate, easy and automatically calculated mortgage open house flyers with finance options, flexible mortgage marketing flyers, rate sheet marketing flyers and much more. Unlike other systems that use time consuming Microsoft Word templates, our software does all the work for you. Calculations are automatic and are constantly updated with current industry guidelines and mortgage software calculations. click here

Real Estate Marketing – Real Estate Software Version for REALTORS®

OSI Express real estate marketing software is the industry’s best choice for providing compelling, accurate and easily understood information to buyers and sellers. Real estate professionals can create stunning marketing with just a few clicks. Our real estate software is automatically updated with industry calculations and guidelines. Real estate professionals can market their listings and open houses, as well as provide point-of-sale information to prospective buyers without any worry of accuracy.

Mortgage Flyers Software – Mortgage Flyers for Loan Officers

Our mortgage flyers are your best choice for online, mortgage marketing flyer software and loan officer flyers. Thousands of mortgage flyer variations for marketing to real estate agents, builders and consumers are included. Pick a stunning loan marketing flyer from the hundreds we have in our library. Then, with just a click swap flyer graphics and color variations to keep your loan marketing fresh.

House Flyer, Advertising Flyer and Property Flyer Software

OSI Express House Flyer Software is easy, accurate and compliant. Our house flyer and property flyer software is 100% web based which means no software needs to be downloaded. The benefits to you are huge! You can access your saved house flyers and property flyers from any computer even if they were originally created and saved on another computer. If you have a marketing assistant who helps you with open house flyer advertising or creating your property flyers, your assistant can simply log in to your membership. This gives you the ability to access house flyers your assistant created even if your assistant works from another location.

Loan Officer Marketing Software and Real Estate Marketing Summary

You get stunning mortgage flyers, open house flyers, buyer cost summaries, auto-calculated mortgage options that populate your house flyer and more. Included are easy mortgage marketing tools such as buyer qualification software, rent vs. own comparisons, rate sheet marketing flyers. You can choose from hundreds of loan marketing flyers and real estate flyers, or create and save your own custom mortgage flyer or custom loan marketing flyer. Our loan originator software gives you the ability to provide real estate agents personalized marketing software as a value added service.

Is Your Mortgage Marketing Software Working For You?

Here are great ideas to get the most out of your loan marketing software.

#1 Easy Mortgage Software is Vital For Efficient Loan Officer Marketing:

Is your mortgage software easy? Arguably the most important aspect of any mortgage software is how easy it is. Your mortgage software should work for you, not the other way around. For example, when calculating an FHA loan, your mortgage software should calculate the loan amount and down payment correctly based on current FHA guidelines and the maximum loan limit for your area instead of asking you for the down payment. However, it should still allow you to include sales prices that exceed the maximum loan limit, calculating the required down payment for you. This would allow you to take full advantage of 3.5% to low down payment requirements.

#2 Easy Mortgage Open House Flyer Software:

With little effort required from you, an easy mortgage software program will accurately calculate all criteria for any mortgage loan type including your closing costs and APR. Your mortgage software should then simultaneously display a broad range of loan types that cater to a broad range of borrowers. Your mortgage marketing material and mortgage marketing flyers will “hit home” with more potential customers.

#3 Time Saving Mortgage Loan Origination Software:

Does your mortgage software save you time? If not, why use it in your loan officer and mortgage broker marketing? Finding a good mortgage software program can make a huge difference in the time you spend with mortgage marketing. For example, a good mortgage software program should allow you to create your own loan comparisons with up to 5 mortgage loan options per comparison. Then, save your comparisons as templates allowing you to quickly re-load them with different sales prices and tax amounts. You should only need to change the sales price and taxes once. Your mortgage software should then re-calculate all loan options within your saved comparison, including closing costs and APR using current industry guidelines and automatically import your re-calculated financing into your new loan comparison worksheet or mortgage flyer. That’s it – ready for the next mortgage marketing piece.

#4 Accuracy with Free Mortgage Marketing Updates:

Does your mortgage software provide you free industry updates and free mortgage marketing enhancements? A good mortgage software program will automatically deliver all new software versions to your computer at no charge to you. For example, upon simply opening your mortgage software, a message displays letting you know an enhancement is available. Just by clicking you should receive the new update without ever having to pay more money. This is important to ensure your real estate marketing is always accurate. Let’s say FHA changes MIP or down payment calculations. The publisher of your mortgage software is on the ball and delivers updates that not only effect future mortgage marketing, but that also automatically update all of your previously saved loan officer marketing.

#5 Loan Officer Marketing Software Access and Administration:

Do you find yourself working in different locations? Of course you do. Depending on the day and time, you’ll find yourself working at your office, your home or on your laptop. The effectiveness of your mortgage marketing can be greatly determined simply by the convenience and accessibility of your mortgage software.


INTEREST ON HOUSE LOAN SELF OCCUPIED HOUSE 150000 or 30000, SIMPLE TAX INDIA, house loan


INTEREST ON HOUSE LOAN SELF OCCUPIED HOUSE 150000 or 30000?

Interest on borrowed capital for self occupied property

In the above context the following further aspects have to be kept in view:

Rs. 1,50,000 maximum deduction will not be available in the following situations:

  1. if capital is borrowed before April 1, 1999 for purchase,construction, reconstruction, repairs or renewals of a house property;
  2. if capital is borrowed on or after April 1, 1999 for reconstruction, repairs or renewals of a house property; and
  3. if capital is borrowed on or after April 1, 1999 but construction is not completed within 3 years from the end of the year in which capital was borrowed. In the above situations only deduction upto Rs. 30,000 can be claimed.

24(b) where the property has been acquired, constructed, repaired, renewed or reconstructed with borrowed capital, the amount of any interest payable on such capital: Provided that in respect of property referred to in sub-section (2) of section 23, the amount of deduction shall not exceed thirty thousand rupees : Provided further that where the property referred to in the first proviso is acquired or constructed with capital borrowed on or after the 1st day of April, 1999 and such acquisition or construction is completed 24[within three years from the end of the financial year in which capital was borrowed], the amount of deduction under this clause shall not exceed one lakh fifty thousand rupees. Explanation.Where the property has been acquired or constructed with borrowed capital, the interest, if any, payable on such capital borrowed for the period prior to the previous year in which the property has been acquired or constructed, as reduced by any part thereof allowed as deduction under any other provision of this Act, shall be deducted under this clause in equal instalments for the said previous year and for each of the four immediately succeeding previous years:] Provided also that no deduction shall be made under the second proviso unless the assessee furnishes a certificate, from the person to whom any interest is payable on the capital borrowed, specifying the amount of interest payable by the assessee for the purpose of such acquisition or construction of the property, or, conversion of the whole or any part of the capital borrowed which remains to be repaid as a new loan. Explanation.For the purposes of this proviso, the expression new loan means the whole or any part of a loan taken by the assessee subsequent to the capital borrowed, for the purpose of repayment of such capital.

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Home Loan Interest Rates – Best Housing Loan Rates & Service Charges, house loan rates.#House


Home Loan Interest Rates

Are you wanting to purchase the house of your dreams?

DHFL offers you the best home loan rates that will help you maintain your monthly budget.

Best Home Loan Interest Rate offered from DHFL

Click here to download the Mock MITC format

DHFL Home Loan Interest Rates:

For Salaried / SEP (Re-substitution ROI)

For Self Employed / SENP (Re-substitution ROI)

DHFL ensures that you get the best services on your home loan, please find below the charges applicable on services associated with your home loan:

` 100 + Applicable GST for loans above ` 5 lac

b. Beyond 60 km: ` 500 + Applicable GST for first visit and ` 750 + Applicable GST for subsequent visits

Subsequent visits: ` 500 + Applicable GST

(Borrower/co-borrower is other than individual)

b. ` 5000 + Applicable GST for loan above ` 75 lac

a. Conversion scheme can be availed only after 1 year from the date of disbursement.

b. Conversion scheme is not applicable for loans sanctioned under Land Loans, Easy Land Cum Construction Loans and/or Composite Loan (for only those cases where construction is still not done) and for Surrogate Products.

Subsequent : ` 250 + Applicable GST

` 2,000 + Applicable GST for loans above ` 10 Lac

No conversion is applicable for loans sanctioned under Land Loans, ELCC/ Composite Loan (Only those cases where construction is still not done) and Surrogate Products.

We at DHFL, offer you the one of the lowest interest rate for a home loan which sure does make a huge difference to your overall budget. Also, with the current rate of interest on home loans, DHFL will help ensure that financial restraints do not come your way, while your purchase your very own dream home. So do not hesitate to take our help and invest in a lifetime of happiness for yourself.

*Terms and conditions apply. Limited Period Offer

House loan rates


SBI Home Loan, Interest Rates Nov 2017, Eligibility, Documents, house loan rates.#House #loan #rates


House loan ratesSBI Home Loan

SBI Home Loan: Get quotes on Interest Rates 8.30% November ✓ Eligibility, Documents, Low EMI Rs.758/lakh, Application Status, Calculator Quotes at deal4loans.com.

Key Pointers of SBI Home Loan

Latest Update: 2 Years Fixed Rates for Women are 8.50%, 8.55% for Others. Loan amount maximum upto 30 lakhs only. State Bank of India has introduced two new Home Loan products SBI Privilege Home Loan for Government Employees and SBI Shaurya Home Loan for Defence Personnel.

Festival Bonanza : 0% Processing Fee, on Top up and Home Loan (New & Take Over). Offer Valid till 31.12.17

SBI Home Loan Interest Rates: Last updated as on 02 Nov 2017

HOME LOANS – INTEREST RATES With effect from 02.11.2017

Home Loan as Overdraft (Maxgain)*

Above 30 lakh Upto 75 lakhs

Above 20 lakh upto 30 lakhs

Above 30 lakhs Upto 75 lakhs

Above 75 lakhs Upto 3 crores

SBI – CLSS Home Loan Scheme

Prime Minister has announced interest subsidy of 4% on housing loans of up to Rs.9.00 lakhs of those with an income of Rs.12.00 lakh per year and of 3% on housing loans of up to Rs.12.00 lakh of those earning Rs.18.00 lakh per year. Under CLSS Scheme for MIG, if you take a loan amount of upto 9 lakh for maximum 20 years repayment period, built up area below 90 sq mtr (968 sq foot) and your yearly income is below 12 lakh. Than your savings are below:

Under CLSS Scheme for MIG, if you take a loan amount of upto 12 lakh for maximum 15 years repayment period, built up area below 110 sq mtr (1184 sq foot) and your yearly income is above 12 lakh and below 18 lakh than your savings are below:

SBI Hamara Ghar Home Loan Scheme – Fixed Interest rate product for affordable segment. Home Loan will be available by way of Term Loan only with fixed interest tenure of 2 years.

  1. Pre-payment penalty of 2% plus ST levied on loans foreclosed /prepaid during initial tenor of 2 years.
  2. Switch over from fixed interest rate to floating rate linked to 1 yr MCLR will be unavailable for period of first 2 years.
  3. Max Loan Amount INR 30 lakhs

Interest Rates of Hamara Ghar Home Loan Scheme

Interest Rates for Home Loan Top Up Scheme

SBI Home Loan Interest Rates 2015 – 9.80% – 9.85%. But after October’ 2015 it goes down to 9.50% -9.55%. It helps borrowers to save around Rs 21.98 on per lac emi for 30 years. For example if you can take a loan amount of around 20 lakh for 30 years at 9.50% rate of interest than you can save around Rs 439.60 on per month EMI or Rs 158256 in 30 years tenure.

State Bank of India is the country’s largest bank in terms of number of customers, employees, advances and deposits. Despite being a government-owned bank, it has not only managed to stay ahead of its private sector peers, but continue to be one of the most profitable banks. It remains the ‘trend-setter’ for the banking industry when it comes to taking decisions on interest rates, and product innovations. It has a market cap of Rs 1,90,000 crore and total loan outstanding as of March 2015 was Rs 11 lakh crore.

Eligibility Criteria, Documentation required for SBI Home Loan

2) Identity residence proof

3) Last 3 months salary slip

5) Last 6 months bank salaried credit statements

6) Processing fee cheque

2) Identity residence proof

3) Education qualifications certificate proof of business existence

4) Business profile,

5) Last 3 years profit/loss balance sheet

6) Last 6 months bank statements

7) Processing fee cheque

Above Rs. 30 Lacs. to 75 lac

Repayment period: Maximum 30 years (or) Up to the age of 70 years (the age by which the loan should be fully repaid) of the borrower, whichever is early.

SBI Home Loan EMI Calculator

SBI MAXGAIN – Home loan as an Overdraft

Interest rates (w.e.f. 01 October 2016) for home loans is 9.25% for women and 9.30% p.a. for others.

SBI Tribal Plus Home Loan

Maximum Repayment period is 15 years

SBI Gram Niwas Home Loan

The home loans under Gram Niwas Scheme are sanctioned for purchase/construction/repair and renovation of house and purchase of plot for construction of a house/shed etc. The scheme covers all Rural and Semi-urban centres having population upto 50,000 as per 2001 census.

Maximum Repaymenet period is 15 years

SBI Sahyog Niwas Home Loan

Maximum loan amount per member is Rs.50,000

SBI Shaurya Home Loan

Full wavier of processing fees

Lower interest rate as a concession of 5bps over the Home Loan Card Interest Rate is available whrever check-off facility is extended by the Government inder tie-up arrangement with the Bank

Customers of other Banks/Fls to switchover their Home Loan outstanding balance to State Bank of India

Extended repayment upto the age of 75 years as against 70 years under normal Home Loan scheme. The maximum loan term, however, shall remain capped at 30 years

SBI Reverse Mortgage Home Loan

No compulsion for the borrower to repay the loan amount during his or her lifetime or till such time he/she stays in the house.

SBI NRI Home Loans

Minimum employemnet tenure in India/Abroad should be 2 years

There is no maximum amount limit for this home loan scheme

SBI TOP UP HOME LOAN

0.35% of Loan Amount or Rs 10000 plus service tax whichever is less, subject to minimum of Rs 2000 plus taxes

Interest Rates charged on Top-up loan is different from Normal Home Loan

FAQS about SBI Home Loans:

Bank will determine your loan eligibility mostly by your income and repayment capacity. Other important factors include your age, qualification, number of dependants, your spouse’s income (if any), assets & liabilities, savings history and the stability & continuity of occupation.

Yes. You are eligible for tax benefits on the principal and interest components of your Home Loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

Yes, you could go in for a ‘Top up Home Loan’ whereby your existing loan (which you took to buy your current home) could be transferred to the new house with additional funds for the incremental cost of the new house, subject to your loan eligibility. This means you can move into your new home without having to go through the hassle of pre-paying your existing loan.

An under construction property refers to a home which is in the process of being constructed and where possession would be handed over to the buyer at a subsequent date.

Yes, you can repay the loan ahead of schedule by making lump sum payments towards part or full prepayment, subject to the applicable prepayment charges.


Can t Pay Your Student Loans? The Government May Come After Your House: NPR Ed:


Can’t Pay Your Student Loans? The Government May Come After Your House

House loans

On Adriene McNally’s 49th birthday in January, she heard a knock on the door of her modest row-home in Northeast Philadelphia.

She was being served.

“They actually paid someone to come out and serve me papers on a Saturday afternoon,” she says.

The papers were from a government lawsuit that represents something more than just an unwelcome birthday gift — it’s an example of a program the federal government has brought to 19 cities around the country including Brooklyn, Detroit, Miami and Philadelphia: suing to recover unpaid student loans, like the ones McNally owes.

Every day, 3,000 people default on their federal student loans — and those lack of payments amount to an unpaid bill of $137 billion for the federal government. For decades, the government has tried to get borrowers to pay up by hiring debt collection agencies to call and send letters. But now the government is trying this new lawsuit strategy.

McNally filed for bankruptcy in 2006 and cleared out all her creditors — except for student loans, which are nearly impossible to get rid of in bankruptcy. As she and many others have found out, it’s not easy escaping federal student loan debt.

“Your whole body heats up with frustration,” McNally says. “I’m so frustrated over all this. It’s been so many years that they’ve been sending me mail and threatening me on the phone.”

In the last two years, more than 3,300 student loan borrowers have been sued after defaulting, according to the Department of Justice. In nearly every one of those suits, the borrower loses and the government wins.

What does the government win? A lien on the borrower’s assets — meaning that the debt is now attached to his or her most valuable belongings, like a home.

Jennifer Schultz, an attorney with Community Legal Services of Philadelphia, says that a lien traps a person, like house-handcuffs.

“I describe a lien as a kind of marker on the house,” Schultz says. “Any time a person tries to do a transaction involving their house — a new mortgage, a refinance, or if they try to sell it — they’re going to be expected to clear up any debt that’s attached to that house.”

The government has long been able to garnish wages, take income tax returns and divert Social Security and disability benefits. But targeting property is a way of applying even more pressure to get former students to pay up.

“It’s to try to awaken the avoider from their slumber,” says Drew Salaman, a debt-collection attorney in Philadelphia.

Salaman doesn’t work with student loans, but he’s familiar with debt avoidance. He says some of the borrowers are playing “catch me if you can.” These lawsuits ensure that people take responsibility for their debts.

“After all,” he says, “if we don’t have systems in place to recover debts, how can credit be extended?”

The end result of these suits — the liens — can be seriously threatening to borrowers. For many it’s a matter of housing preservation, says Joanna Darcus, an attorney on the student loan team at the National Consumer Law Center.

“For folks already living on the margins financially, the fear of losing that house can be palatable,” Darcus says.

Once a lien is in place, the government can force the sale of a former student’s home. That’s “exceedingly rare,” officials say, but it does sometimes happen.

The federal lawsuit program is expected to keep expanding, and with more than 8 million people currently behind on their federal student loans, it doesn’t look like the private firms will run out of work any time soon.


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ADVERTISING DISCLAIMER: The Operator of this website is not a lender and cannot guarantee you will be approved for a loan. This website offers a free service that will match the information you provide with a loan and/or financial solution or service from a company that appears to most closely match your needs. These companies include personal, business, installment, line of credit, and short-term loan providers, as well as other financial service providers (“Providers”). This website receives compensation from Providers in certain circumstances. This compensation may impact how and where products appear on this site, such as the order or placement. Our Providers do not represent all loan companies or all types of offers available in the marketplace. This website does not broker loans to a lender, is not an agent of or represent a lender in any other capacity other than as a referral source. This website does not make, fund or offer any specific loan or financial product. This website does not constitute an offer or solicitation to lend. This website does not charge for any service or product. This website does not endorse or recommend the products or services of Providers, and are not an agent or advisor to you or Providers. We do not validate or investigate the licensing, certification or other requirements and qualifications of Providers. It is your responsibility to investigate Providers. You acknowledge and agree that Providers are solely responsible for any services that they may provide to you and that we are not liable for any losses, costs, damages or claims in connection with, arising from, or related to, your use of Providers products and/or services. You should review each Providers terms and conditions to determine which loan is best for your personal financial situation. We highly encourage you to consult a qualified financial professional before making any type of financial decision. This service is not available in all areas within the United States. LifeHouseFunding.com is operated by Life House, 3 Executive Park Dr. Suite 201 Bedford, NH 03110 Phone: 1-888-952-7280.

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How Much House Can I Afford – House Affordability Calculator, house payment calculator.#House #payment #calculator


How Much House Can I Afford?

There are two House Affordability Calculators that can be used to estimate the affordable amount for houses based on either household income-to-debt estimates or fixed monthly budgets. They are intended for use by residents in the United States only.

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House Affordability Based on Fixed, Monthly Budgets

This is a separate calculator used to estimate house affordability based on monthly allocations of fixed amounts for housing costs.

Conventional, FHA, and some other mortgage lenders like to use two ratios called the front-end and back-end ratios to determine the home loans that each household can afford. They are basic debt-to-income ratios, albeit slightly different. However, all potential homeowners should take steps toward achieving more desirable ratios in the eyes of lenders if they seek houses out of their affordability range.

Front-End Ratio

Front-end debt ratio is also known as the mortgage-to-income ratio, computed by dividing total monthly housing costs by monthly gross income. For our calculator, only conventional and FHA loans utilize it. The monthly housing costs not only includes interest and principal on the loan, but other costs associated with housing like insurance, property taxes, and HOA/Co-Op Fee.

Back-End Ratio

Back-end debt ratio is the more all-encompassing picture of a household’s ability to serve home loans. It includes everything in the front-end ratio dealing with housing costs, along with any accrued recurring monthly debt like car loans, student loans, and credit cards. This ratio is commonly defined as the well-known debt-to-income ratio, and is used for all the calculations.

Conventional Loans and the 28/36 Rule

In the US, a conventional loan is a mortgage that is not insured by the federal government directly and generally refers to a mortgage loan that follows the guidelines of government-sponsored enterprises (GSE’s) like Fannie Mae or Freddie Mac. Conventional loans may be either conforming or non-conforming. Conforming loans are bought by housing agencies such as Freddie Mac and Fannie Mae and follow their terms and conditions. Non-conforming loans are any loans not bought by these housing agencies and don’t follow their respective terms and conditions, but are generally still considered conventional loans.

The 28/36 Rule is a commonly accepted guideline used in the US and Canada to determine each household’s risk for conventional loans. It states that a household should spend no more than 28% of its gross monthly income on the front end and no more than 36% of its gross monthly income on the back end. The 28/36 Rule is a qualification requirement for conforming conventional loans, required by Fannie Mae or Freddie Mac guidelines.

While it has been adopted as one of the most widely-used methods of determining the risk associated with a borrower, as Shiller documents in his critically-acclaimed book Irrational Exuberance, the 28/36 Rule is often dismissed by lenders under heavy stress in competitive lending markets. Because it is so leniently enforced, more often used as a general rule of thumb, lenders find ways to work around it, usually with risky borrowers who wouldn’t have initially qualified under it.

Quick Tip: As a borrower in the marketplace searching for mortgages, it can be tempting to accept enticing offers from anxious lenders trying to meet management numbers. Don’t make this mistake, as a financial mishap of this magnitude can leave borrowers in pieces if things don’t go as planned.

FHA Loans

Please visit our FHA Loan Calculator to get more in-depth information regarding FHA loans, or to calculate estimated monthly payments on FHA loans.

An FHA loan is a mortgage insured by the Federal Housing Administration. Borrowers must pay for mortgage insurance in order to protect lenders from losses in instances of defaults on loans. The insurance allows lenders to offer FHA loans at lower interest rates than usual with more flexible requirements, such as down payment as a percentage of the purchase price.

To be approved for FHA loans, the front-end and back-end ratios of applicants need to be better than 31/43, respectively. In other words, monthly housing costs should not exceed 31% and all secured and non-secured monthly recurring debts should not exceed 43% of monthly gross income. FHA loans also require 1.75% upfront premiums.

It is immediately apparent that FHA loans have more lax debt-to-income controls than conventional loans; they allow borrowers to have 3% more front-end debt and 7% more back-end debt, and thus cater to riskier borrowers. Payments of mortgage insurance premiums by borrowers are what allows FHA to take on more risk.

VA Loans

Please visit our VA Mortgage Calculator to get more in-depth information regarding VA loans, or to calculate estimated monthly payments on VA mortgages.

A VA loan is a mortgage loan granted to veterans, service members on active duty, members of national guards, reservists, or surviving spouses guaranteed by the U.S. Department of Veterans Affairs (VA).

To be approved for VA loans, the back-end ratio of applicants need to be better than 41%. In other words, the sum of monthly housing costs and all recurring secured and non-secured debts should not exceed 41% of monthly gross income. VA loans generally do not consider front-end ratios of applicants but require funding fees.

For our calculator, we assume all VA loans are first-time use.

Custom Debt-to-Income Ratio Percentages

Aside from conventional, FHA, and VA loan ratios, there are also options to choose from a list of custom numbers from 10% to 50%. The numbers represent their debt-to-income ratios expressed as percentages. If coupled with down payments less than 20%, 0.5% of PMI insurance will automatically be added to monthly housing costs because they are assumed to be calculations for conventional loans. There are no options above 50% because that is the point at which DTI exceeds risk thresholds for nearly all mortgage lenders.

Quick Tip: Use lower percentages for more conservative estimates. A 20% DTI is easier to pay off during stressed financial periods compared to, say, a 45% DTI. The Conventional Loan option, which uses the 28/36 Rule, is one method that can be used when unsure.

Unaffordability

Some people will use the calculator to learn that they cannot afford their dream home. There are steps that can be taken to increase house affordability, albeit with time and due diligence.

  • Reduce debt in other areas This may include the choice of a less expensive car payment or paying off all student loans. In essence, lower standards of living in other areas in order to afford a highly sought-after house.
  • Increase credit scores A better credit scores can help the buyers to find a loan with better interest rate. A lower interest rate helps the buyer’s affordability.
  • Bigger down payments Paying more upfront accomplishes two things. One, it directly increases the amount the buyer can afford. Two, a big down payment help finding a better interest rate and therefore increase the buyer’s affordability.
  • Save more When DTI ratios aren’t satisfied, mortgage lenders may look at amounts of savings of borrowers as compensating factors.
  • Higher incomes Although much harder to accomplish than the others, it can culminate in the most drastic change in a borrower’s ability to purchase a certain home. 25% to 50% increase in salaries are not out-of-the-norm for the people who deserve it, and such jumps immediately have large impacts on DTI ratios. It is easier said than done though. It usually involves differing combinations of higher education, improving skills, networking, constant job searching, and lots of hard work.

Working towards achieving many or even all of these things will increase a household’s success rate in qualifying for purchases of homes in accordance with real lenders’ standards of qualifications. If these prove to be difficult, maybe consider less expensive homes. Some people find better luck moving to different cities. If not, there are various housing assistance programs at the local level, though these are geared more towards low-income households. Renting is a viable alternative, despite what conventional wisdom peddles; it may be helpful to rent for the time being in order to set up a better buying situation. Use our Rent Calculator to determine an affordable monthly rent based on income and debts.