When you have a regular mortgage, you pay the lender every month to buy your home over time. In a reverse mortgage, you get a loan in which the lender pays you. In Reverse mortgage, Bank takes part of the equity in your home and convert it into payments for you – a kind of advance payment on your home equity. The money you get usually is tax-free. Must Read: How to check if your...
Welcome to FintooInvest! Are you searching for a quick online loan? Do you need a hassle-free loan? Are you still waiting for the disbursement of a bigger loan and paying out installments from your own pocket? Now search no more. FintooInvest is committed to assist with quick and easy loan processing. Here is why you should opt for FintooInvest for availing online loans:...
We all know that buying a home is a complicated process. It is not like going to the mall and getting a dress of your choice. Applying for a home loan is one of the initial steps you have to take while purchasing a house. A home loan is a great form of financial assistance if you are short on cash, or you are not in favor of redeeming your savings and investments. Though it may...
Mr. and Mrs. Sharma, both in their early 30s, after completing 5 years of their married life decides to have a house of their own. Both husband and wife are working at good positions in corporate and are regularly paying income tax on their incomes. After sheer hard work and a lot of savings, they will finally be able to make a house of their own. Both of them are really excited to live in...