#Home Loans

Who Qualifies for an FHA Home Loan?

A mortgage the Federal Housing Administration backs is known as an FHA loan. FHA loans are unique from other mortgages and home loans. They’re often helpful for first-time homeowners because they offer a combination of a lower down payment requirement and lower credit score standards. The following are some of...
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Truework authorized by Fannie Mae to help speed up loan approvals

Lenders can speed up loan approvals by days and protect themselves from representations and warranties claims by partnering with Truework to verify borrower income and employment using Fannie Mae’s Desktop Underwriter validation service. That’s according to San Francisco-based Truework, one of a handful of vendors that’s a Fannie Mae-authorized income...
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How to Decide Whether to Buy or Build a Home

If you’ve been working hard for years to save up enough money to get into the property market, you might be keen to get out there now and make your dreams a reality. However, before you commit to a path, it pays to evaluate whether you should buy an established property or build your own home.

Home Utsav Provides Virtual Opportunity for Indian House Hunters

ICICI Bank said it offers “attractive” interest rates beginning at 6.7 per cent on home loans, special processing fees, digital processing of loans via an Express Home Loan platform, and exclusive offers from developers. Anyone, including non-bank customers, can access those benefits if they buy a home through the exhibition. Existing customers of ICICI Bank can enjoy further benefits by accessing one of the bank’s pre-approved home loan offers.

Lenders raise conforming loan limits ahead of official announcement

A handful of lenders and originators have raised their conforming loan limits for 2022 in advance of the Federal Housing Finance Agency’s official announcement in November. Geneva Financial Home Loans said Monday that it has hiked its loan limit to $625,000 for single-family homes. Caliber Home Loans and Homepoint also decided to increase their limits to $625,000 last week.

Axis Bank to waive 12 EMIs on select home loans under festive offer

Axis Bank (Representative image) — Private sector lenderAxis Bank on Tuesday announced waiver of 12 EMIs on select home loan products, and discounts on various online purchases as part of its festival offer. Axis Bank is offering waivers of 12 EMIs on select home loan products and providing on-road finance...

Cars Making Money Like Homes — For Now…

Financially, your car is behaving more like your home right now, bringing new opportunities and hard-to-foresee risks. Used-vehicle values have broken records over the past year, with inflation running at an unprecedented 24%, according to the latest official data. This is painful for car buyers, but there is a less-discussed flip side: It is a great time to be a car owner.

How to reduce your home loan interest rate: Check out these 5 tips

New Delhi: Several banks in the country are giving a stiff competition to each other in the home loans segment this festive season. Also, Reserve Bank of India’s (RBI’s) recent decision to keep the key interest rates unchanged have come as a big respite for borrowers who are grappling with the onslaught of the COVID-19 crisis and trying to survive the downturn.

AVIOM India Housing Finance Raises $8 Mn Series C Funding From Sabre Partners

AVIOM India Housing Finance, a micro-mortgage housing finance company, on Monday, announced to have completed its SeriesC$8 million equity funding from Sabre Partners. AVIOM founded in 2016 by Kajal Ilmi, has its presence in 14 states with more than 100 branches. It caters to low-income households in rural and semi-urban areas. It provides loans to women borrowers who do not have any formal income documentation. Loan ticket size ranges from INR 50,000 to INR 5 lakh with an average disbursement of around INR 3 lakh.
New York Post

Mayor de Blasio falls deeper into debt with new home loans

Debt-ridden Mayor de Blasio has dug himself a deeper, $2.5 million hole by taking out another mortgage on his Park Slope home. De Blasio and his wife, Chirlane McCray, secured a $615,342 loan in June on their 11th Street residence, public records show. They had previously borrowed $625,000 against the...

Oracle, Nano Home Loans to offer digital onboarding for home loans

Oracle Financial Services and Nano Home Loans have collaborated to offer digital onboarding to consumers looking for home loan originations. The collaboration wants to help the customers to secure a home loan approval within minutes, not weeks. Nano has secured an innovation patent for its proprietary real-time loan application and decision-making technology and is now a member of Oracle PartnerNetwork. This means that jointly, Nano and Oracle, can meet the requirements for Australian lenders ranging from tier-1 to tier-3 banks and non-bank lenders.