An insight into private home loan lenders

If you find it difficult to access a home loan from regular lenders, private lenders may be an option. Understand how private lenders work and the pros and cons of this alternative.

What you need to know about taking out a mortgage for a vacation home

You may be interested in buying a holiday home for the dual benefits of rental income and future vacations. But you must carefully consider the pros and cons of holiday home loans to decide if this is a smart investment decision.

Why do I need a home loan exit strategy?

If things don’t turn out the way you expect, you may need another way to pay off your home loan. That’s why lenders often ask for a home loan exit strategy.

Can I apply for a joint home loan with my spouse if I’m not working?

Sometimes, applying for a home loan with your spouse may be necessary if you’re not earning your own income. However, lenders may prefer that the wage earner alone apply for the loan.

Can you convert a personal loan to home loan?

Do you have multiple loans with different lenders? You may be able to consolidate these into a single loan. For example, if you have a personal loan and a home loan from different lenders, you may be able to simplify your debt by merging your loans.

Standard home loan eligibility criteria

By understanding the eligibility criteria for mortgage approval before applying for a home loan, you can increase the chances of your application getting over the line.

Will a personal loan affect a home loan?

A personal loan can affect a home loan application positively as well as negatively. Consider checking your credit score and borrowing power to find out how.

Why lenders may use exposure limits to curb the size of your mortgage

If you’re taking out a mortgage, the lender will check your credit exposure or the amount you’ve already borrowed. Usually, you can’t borrow beyond a set limit. 

What is capitalisation on a home loan?

When you’re unable to pay even the interest on your home loan, it gets capitalised or added to the amount borrowed and increases the total sum you owe.

How can I check my home loan balance?

If you’re wondering how to check your home loan balance, there are a few options. You can check it either by calling your lender or using an online calculator.