Q:I have taken home loan in my and myhusband's name for an apartment, i want to change the my name and transfer it to my husband s name, kindly suggest
Q:Hi everyone,I have visited the site and found the location and future plans quite good.I have collected the dossier of legal documents from their Indiranagar office - found the dealings quite shady - unabashed mention of black money, no signboard fearing raids etc!Would like to talk to someone who has already purchased a site here with loan after getting an independent legal opinion.Thanks.- Som.
Latest Answer: Hi Som, I understand your concern. I heard Signature Tulips is approved by BMRDA. LIC is providing home loans and it means without legal verification it wont lend. So I guess we can trust the project.
Latest Answer: Yeah you are right, BBMP has to part with Rs 60 crore as interest annually for the loan of Rs 500 crore which it got after mortgaging KR market. It is really a bad news that BBMP is under debt, it this continues then BBMP will sell the whole of Bangalore very soon to clear its loan.
Latest Answer: Significant contribution to home loan volume by Mumbai and NCR is the main reason for the decline in number. According to experts, the SBI officials are planning to push the home loan sales up and if they are not able to do that then the upcoming financial year will also have to face the same pathetic condition.
Q:I am staying in ground floor and for that I am paying rent to my mother. The house is in my mother's name for which she is not claiming any tax benefit. I have taking a housing loan for building the first floor of the house. My question is am I eligible for home rent allowance from my salary and also the benefit under Section 24 (b) for the interest I am paying towards the housing loan availed by me?
Latest Answer: You can claim for home rent allowance from the salary on the rent that you are paying to your mother. Do not give any break in paying th rent, pay the rent in regular basis every month just if it were a non-relative landlord. Moreover your mother have to include the rent in the income tax returns. There will not be any tax deduction on the repayment made on the home loan as the property does not belong to you.
Latest Answer: No now you can not opt that scheme, SBI offered three years ago to ease the borrower's tension. Now the buyers who have taken loan under teaser loan have to pay more as the bank will start charging interest on theses loans on a floating rate basis from January 2012.
Latest Answer: Sundaram Finance Ltd has set a positive trend to establish themselves by achieving this target for the year 2011 and 2012. Even the company is planning to expand their market share by 15 percent.