Welcome to Kerala's realestate properties

What is a mortgage and how does it work? A mortgage is a loan that is used to purchase a real estate property. It is a legal agreement in which a lender agrees to loan money to a borrower to buy a property, and the borrower agrees to repay the loan, with interest, over a period of time. Here's how a mortgage works: The borrower applies for a mortgage loan from a lender, such as a bank, credit union, or mortgage company. The borrower will need to provide financial information, including income, credit history, and the amount of money they have available for a down payment. The lender evaluates the borrower's financial information and decides whether or not to approve the loan. If the loan is approved, the lender will offer the borrower a mortgage loan with specific terms, such as the interest rate, the length of the loan, and the amount of the monthly payments. The borrower agrees to the terms of the mortgage loan and signs a mortgage agreement. The agreement specifies the terms

How much credit score do I need to buy a home in India? In India, a credit score of 750 or above is generally considered to be a good credit score. However, the actual credit score required to buy a home in India may vary depending on the lender and the type of mortgage you are seeking. Some lenders may have higher credit score requirements, while others may be more lenient. It is always a good idea to check with multiple lenders to see what their credit score requirements are and to shop around for the best mortgage rates and terms. It is also important to note that a good credit score is just one factor that lenders consider when evaluating a mortgage application. They may also consider other factors such as your income, employment history, and debt-to-income ratio. It is generally a good idea to improve your credit score as much as possible before applying for a mortgage, as this can help you secure a better interest rate and more favorable loan terms. Checkout your CIBIL score now

Chinese homebuyers, who have taken steps to quit paying home loans on many incomplete lodging projects. The disturbance is supposed to speed up changes currently clear in the inclinations of homebuyers, who have long preferred new properties still on the planning phase or under development however became careful about incomplete tasks as high-profile developers - China Evergrande Group - dove into an obligation emergency regarding the previous year. The proportion of pre-development deals to deals of existing homes has dropped to 6.5 from a high of 9.9 in the primary portion of last year, as per ANZ. Jason Li, a 30-year old would-be homebuyer in eastern China's Shangdong province, said he was deferring purchasing a home since he is stressed over the economy and professional stability, and said he would keep away from projects by confidential designers. "It required a couple of years for my companions to at long last get their pre-sold homes, while numerous designers even negle

When you apply for a loan or credit card, the principal thing that the loan specialists check is candidate's CIBIL or credit score. Along these lines, what's really going on with the score and why the element is by all accounts critical for the money endorsements. CIBIL or credit score is a three-digit number going somewhere in the range of 300 and 900 that assesses a individual’s credit conduct. It is said that higher the score, better are chances of advance or credit card endorsements. Also, people can haggle for lower financing costs if there should be an occurrence of unstable credits like individual advance. A record of loan repayment is a record of person's reimbursement conduct of past or existing obligations. The score is generated through information from banks, credit information companies, and collection agencies. An individual’s CIBIL score is generated using mathematical algorithm to predict how creditworthy you are. The CIBIL score range in India starts from 3

There has been a significant increase in the loan repayment period for many in recent times. The bank has extended the tenure of home loans from SBI (State Bank of India), the country's largest public sector bank, by more than 60 months. Borrowers are worried that they will not be able to understand why there is such an increase in the repayment period, even though the interest rate is one to three per cent lower than at the time of taking the loan. Six-month moratorium; According to SBI, the extension of the mortgage period was due to a six-month moratorium issued by the Reserve Bank following Covid19. However, the shocking fact is that the repayment period has increased not only for those who did not pay the moratorium but also for those who paid the installments correctly during the moratorium. The loan moratorium announced by the RBI in March 2020, which worried the people about Covid19 and the lockdown, came as a relief to many at the time. But the same moratorium worries ma

Union Cabinet approves draft Model Rent Bill for homes & commercial buildings. The bill will now be introduced in Parliament, including the proposals of the states. The main provision of the bill is that the authority will be constituted to regulate rent and to protect the interests of the building owner and tenant. All States and Union Territories should appoint an independent authority for the registration of lease agreements. The new bill provides for the establishment of special courts to resolve disputes between landlord and tenant. Disputes between the landlord and the tenant can be approached by the authority. The new law stipulates that only two months' rent can be purchased as a security deposit. When renting a building for commercial purposes, a maximum of six months' rent can only be purchased in advance. Central government sources said the new law would encourage more houses to be rented out. All States and Union Territories should appoint an independent authori