About Project : Mahindra Lifespaces has launched a new residential project Mahindra Aura. Every Aura has been finely crafted to cater to your refined sensibilities. Mahindra Aura project is spread over an area of 16.84 acres. The project Aura offers 3 towers and has structure of ground plus 12 floors comprising of 231 luxurious apartments of 2 and 3 BHK. The site designated for residential use (as per the Gurgaon 2021 master plan). Adept architecture imbues every home with an expansive feeling of space and serenity, offering you a truly comfort living experience.
About Developer : Inspired Creations Service that makes a difference for healthy living. This is our motto. We live in not only building mere housed but we create homes for healthy and satisfying living experience. Through a process of co-creation with customers, we create spaces that add a sense of security and luxury to your everyday life. The Companys ethical and transparent dealing coupled with unparalleled service make the overall home buying process a joyful, satisfying and hassle-free experience. Today, the Company has become synonymous with high quality, affordable accommodation and has earned first place amongst the fastest growing construction companies in India. The company has undergone transformation and changed from Mahindra Gesco Developers Ltd. to Mahindra lifespace Developers ltd. the new Mahindra lifespace logo called the flowers of life is thoughtfully designed and exemplifies the spirit behind the companys creations. The name lifespaces is tucked into the flowers of life and is comforted, cosseted and nurtured by it. And when they come together they stand for the very essence of life.
Sunday, December 27, 2009
Tuesday, December 15, 2009
Home loan calculator that calculates the total cost for your home based on monthly payments?
I have no problem finding regular home loan calculator online, where you enter in the loan amount, interest rate, etc and it gives you an estimated monthly payment. But I'm looking for one that works backwards. I want to enter in the monthly payments, interest, amount of years, etc and get the total cost of the home (how much you end up paying after the 30 years). I'm kind of inexperienced with financial math. I need to use this for a math project though, so any help would be appreciated..
I believe you are asking for an amortizing schedule which should show you the total amounts of principle and interest over the years. Do a google search for it.
The pattel family purchased a home and took out a mortgage. Piti payment of the loan?
The Pattel family recently purchased a home, taking out a mortgage of $235,000 at 8 3/4% for 25 years. The annual property taxes on the home are $6,345, and the annual hazard insurance premium is $1,479. What is the PITI payment for their loan? A. $2,729.40 B. $2,586.05 C. $1,849.45 D. $652.00 I tried the mortgage calculator, and it is not working. thank you for the help!!
B. $1932 principal and interest monthly payment + 528.75 month tax &123.25 home owners insurance.
I don't understand the eligibility of a student loan?
I'm looking at universities for next year and like most students i'm worried about money. I have EMA so i'm pretty sure i'm eligible for one. I've gone on a student finance calculator but I don't understand which column to look at. Currently, i'm living with my parents but will hopefully move away to university when i'm there. So do I look at the loan for 'If you live at your parental home' or 'If you live away from parental home'. I'm confused, explain please?
I saw your question I have decided to help people out due to the fact that I myself has been scammed four times by four lenders in my search for a loan but at last I got a reliable lender. that gave me the loan($60,000 USD) that I was in dire need of. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair.
I believe you are asking for an amortizing schedule which should show you the total amounts of principle and interest over the years. Do a google search for it.
The pattel family purchased a home and took out a mortgage. Piti payment of the loan?
The Pattel family recently purchased a home, taking out a mortgage of $235,000 at 8 3/4% for 25 years. The annual property taxes on the home are $6,345, and the annual hazard insurance premium is $1,479. What is the PITI payment for their loan? A. $2,729.40 B. $2,586.05 C. $1,849.45 D. $652.00 I tried the mortgage calculator, and it is not working. thank you for the help!!
B. $1932 principal and interest monthly payment + 528.75 month tax &123.25 home owners insurance.
I don't understand the eligibility of a student loan?
I'm looking at universities for next year and like most students i'm worried about money. I have EMA so i'm pretty sure i'm eligible for one. I've gone on a student finance calculator but I don't understand which column to look at. Currently, i'm living with my parents but will hopefully move away to university when i'm there. So do I look at the loan for 'If you live at your parental home' or 'If you live away from parental home'. I'm confused, explain please?
I saw your question I have decided to help people out due to the fact that I myself has been scammed four times by four lenders in my search for a loan but at last I got a reliable lender. that gave me the loan($60,000 USD) that I was in dire need of. Hence I decided that I will refer anybody I come across to this God sent lender he is reliable and his terms are fair.
Monday, December 14, 2009
Best Mortgage Calculator for Home Equity Loans and Home Refinancing?
I am searching for the best mortgage calculators. Interest Only calculators and simple home mortgage calculators and loan calculators.
You may want to download free OpenOffice, which includes spreadsheet totally compatible with Microsoft Excel. Some macro could be downloaded from web sites of sharks. The best solution could be also to not taking any loan at all. Saving account with 4.5% per annum, monthly payments and compound interest is your friend!!! In this way, bank gonna pay you, not vice versa. You cannot get loan with 4.5% interest, right? So, it can get you your home in not so long time and sets you free. Your heart will be filled with joy and your kids will be grateful to you for not having any debts and financial obligations.
I am looking for a free home loan calculator down load?
What is the name of the calculator that tells you what you would pay a month on a home loan?
We call our calculator How Much Home Can I Afford, which does exactly what you are asking. Most calculators will make assumptions on credit and down payment, so make sure you talk with a mortgage expert to find your exact rate and payment. I've included a link to our calculator. Good luck!
Want to do some home loan calculating no businesses attached amortization calculator?
just want to see for myself before going to the bank
You may want to download free OpenOffice, which includes spreadsheet totally compatible with Microsoft Excel. Some macro could be downloaded from web sites of sharks. The best solution could be also to not taking any loan at all. Saving account with 4.5% per annum, monthly payments and compound interest is your friend!!! In this way, bank gonna pay you, not vice versa. You cannot get loan with 4.5% interest, right? So, it can get you your home in not so long time and sets you free. Your heart will be filled with joy and your kids will be grateful to you for not having any debts and financial obligations.
I am looking for a free home loan calculator down load?
What is the name of the calculator that tells you what you would pay a month on a home loan?
We call our calculator How Much Home Can I Afford, which does exactly what you are asking. Most calculators will make assumptions on credit and down payment, so make sure you talk with a mortgage expert to find your exact rate and payment. I've included a link to our calculator. Good luck!
Want to do some home loan calculating no businesses attached amortization calculator?
just want to see for myself before going to the bank
Thursday, December 10, 2009
Home loan v/s term insurance?
I have just taken a home loan. One of my friend adviced me to take home loan insurance. Another is advicing to take term insurance so that it will also will for the duration of home loan. Is there any difference in functionality of both.
Home loan insurance is just a wrapper to sell term insurance at high rate. It is just a reducing term insurance (the insure amount reduces as you pay EMI). It is always better to go for pure term insurance.
Why would a home loan insurance company audit a loan file?
I purchased my first home in June, 2007. Because it's my first home, I was required to obtain loan insurance (this was all arranged by the settlement company and/or the mortgage company) A few days ago, my employer received a request for verification of employment and wages from NIA consulting, who represents RMIC (the home loan insurance company) in auditing my loan file. My question is, why would they need to do this if I've had my home for over a year and a half now? Shouldn't this have been done before I bought my home? What purpose does this informations serve? With all this fraudulent loan talk going on at the present time, I certainly would not want a mistake to be found in my loan, and then loose my home.
Considering that the whole loan process was pretty "hands off" for me --- I was told everything would be taken care of ---, and at that time all I cared about was getting a house. By "hands off" I mean that I gave them all of my paperwork as far as wages and ID are concerned, and then just went in and signed the settlement package. In Maryland, all first time home buyers are required to have mortgage insurance. This insurance protects lenders from losses due to defaults on first mortgages for single family residential properties. My mortgage is 5 year interest only---so I definitely don't have ANYWHERE NEAR 20% equity.
Home loan insurance is just a wrapper to sell term insurance at high rate. It is just a reducing term insurance (the insure amount reduces as you pay EMI). It is always better to go for pure term insurance.
Why would a home loan insurance company audit a loan file?
I purchased my first home in June, 2007. Because it's my first home, I was required to obtain loan insurance (this was all arranged by the settlement company and/or the mortgage company) A few days ago, my employer received a request for verification of employment and wages from NIA consulting, who represents RMIC (the home loan insurance company) in auditing my loan file. My question is, why would they need to do this if I've had my home for over a year and a half now? Shouldn't this have been done before I bought my home? What purpose does this informations serve? With all this fraudulent loan talk going on at the present time, I certainly would not want a mistake to be found in my loan, and then loose my home.
Considering that the whole loan process was pretty "hands off" for me --- I was told everything would be taken care of ---, and at that time all I cared about was getting a house. By "hands off" I mean that I gave them all of my paperwork as far as wages and ID are concerned, and then just went in and signed the settlement package. In Maryland, all first time home buyers are required to have mortgage insurance. This insurance protects lenders from losses due to defaults on first mortgages for single family residential properties. My mortgage is 5 year interest only---so I definitely don't have ANYWHERE NEAR 20% equity.
Tuesday, December 8, 2009
What is EMI in home loans?
Any loan has to repaid along with interest. In the case of home loan EMI system of repayment, interest for the entire loan tenure is computed and added to the principal amount. Then the sum is divided by the number of months in which the loan has to be repaid. The result is called EMI. This amount has to be repaid regularly. For accounting purpose the interest components of the EMI would be larger in the initial months and gradually go down. The real rate of interest will be much higher than the rate interest advertised by the Financial Institutions as the principal is also being repaid from first month onwards; but the interest is calculated for the whole loan tenure.
Sorry, could you elaborate?
How much home loan to take ?
pay per annum approx 6 L , age 35 how much max home loan can i get ? wat should be the ideal EMI?
Approx 50,000/- a month. 22,500/- can be monthly EMI. per lakh @ 8.75% rate of interest, for 20 years term is approximately Rs.870/- so your eligibility is around Rs. 26,00,000/-
Mortgage Loan against house, that is already on Home Loan?
Hi I have a House, That is bought with Home Loan. The Loan was almost 85% of the total house value. I have completed two years of EMI. Can I take Mortgage Loan against that House?
Sounds like you bought it two years ago. If this is true you would be better to refinance at the current rates. (It depends on if it was 85% of the value then or now). Your house is likely worth less now than it was two years ago. In any case, refinance the balance (+ only what you need) at the current rate.
I am an IT payer & want to take a home loan to purchase the land?
Here I want to know will i am entitled for Income Tax rebate even i have not build a home. and how much rebate i get if i paid a EMI of 8000 Rx which includes approx 50% of Intrest (Basicly its very Month by Month). Will it calculate according EMI or only on Intrest factor in this
IT benefits are only for housing loan not for purchase of plot! In housing loan, 1.5 Lakhs Interest & 1 lakh principal repayments are considered as deduction!
Which option will make me 'Home Loan Eligible'?
Looking for a home loan for 25-30 Lacs. I am Paying an EMI of 8k as car loan. Already paid first 6 EMIs out of a total of 36. Should I pay the entire amount as lump sum and then apply for home loan? Or Should I continue to pay the EMI and then be in good terms with the bank?
Make an appointment to see a Mortgage Broker as they are professionally trained, to get you the best deal for a home loan. A Mortgage Broker will tell you what your best option is, and can also be of assistance in rearranging your mortgages overall, so you pay less interest.
I want to buy a home, but i have Personal Loan outstanding(4.5 lacs) monthly emi around Rs.20000 i am paying.?
Give me a solution
Sorry, could you elaborate?
How much home loan to take ?
pay per annum approx 6 L , age 35 how much max home loan can i get ? wat should be the ideal EMI?
Approx 50,000/- a month. 22,500/- can be monthly EMI. per lakh @ 8.75% rate of interest, for 20 years term is approximately Rs.870/- so your eligibility is around Rs. 26,00,000/-
Mortgage Loan against house, that is already on Home Loan?
Hi I have a House, That is bought with Home Loan. The Loan was almost 85% of the total house value. I have completed two years of EMI. Can I take Mortgage Loan against that House?
Sounds like you bought it two years ago. If this is true you would be better to refinance at the current rates. (It depends on if it was 85% of the value then or now). Your house is likely worth less now than it was two years ago. In any case, refinance the balance (+ only what you need) at the current rate.
I am an IT payer & want to take a home loan to purchase the land?
Here I want to know will i am entitled for Income Tax rebate even i have not build a home. and how much rebate i get if i paid a EMI of 8000 Rx which includes approx 50% of Intrest (Basicly its very Month by Month). Will it calculate according EMI or only on Intrest factor in this
IT benefits are only for housing loan not for purchase of plot! In housing loan, 1.5 Lakhs Interest & 1 lakh principal repayments are considered as deduction!
Which option will make me 'Home Loan Eligible'?
Looking for a home loan for 25-30 Lacs. I am Paying an EMI of 8k as car loan. Already paid first 6 EMIs out of a total of 36. Should I pay the entire amount as lump sum and then apply for home loan? Or Should I continue to pay the EMI and then be in good terms with the bank?
Make an appointment to see a Mortgage Broker as they are professionally trained, to get you the best deal for a home loan. A Mortgage Broker will tell you what your best option is, and can also be of assistance in rearranging your mortgages overall, so you pay less interest.
I want to buy a home, but i have Personal Loan outstanding(4.5 lacs) monthly emi around Rs.20000 i am paying.?
Give me a solution
Which rate of interest will be charged on my home loan?
Sir, I have applied for a home loan from HDFC bank. The day when i applied for the loan, the rate of interest was 10.25% and now it has become 11%. so which rate of interest will be charged to me. The rate of interest on the day of application of the home loan or the day when i take the first disbursement of the loan ? please reply as soon as possible.
the rate of interest on the date of application will not hold good. the interest rate prevailing on the date of disbursal will be charged. one more detail for you. There are two types of interest rate Fixes & Floating. the rate you are mentioning is certainly floating rate. in fixed rate the interest rate will not be changing to you for three years. in floating rate if RBI allows and if hdfc choose to increase the rate, immediately you will be charged more from that month. also if for any reason interest rate drops you will be benefited by paying lesser interest from that month
High home loan rate issue?
I found a home to buy but becuz I have no proof of income and its hard to verify my interest rate is going to be 11.09%. The loan is for $81,500. Will the rate go down when I refi in 6 months? Or will it take a year to do so? I plan to aggressively pay down the principal. I can contribute $20k in one year being that I'm an entertainer. I really want this 4 bed 2 full bath home. My credit isn't the greatest, in fact, just below 600. Any feedback is appreciated.
The rate would probably not go down much in six months because the amount you pay on a loan is only part of the picture. They are also looking for length of employment, credit history, and other stuff too. If you tried in a year the rate would certainly go down then but again don't look for huge drops, maybe one or two percentage points. The thing to remember is the longer history you have (that's good) the more it helps you in every aspect of credit. Good Luck on you home.
the rate of interest on the date of application will not hold good. the interest rate prevailing on the date of disbursal will be charged. one more detail for you. There are two types of interest rate Fixes & Floating. the rate you are mentioning is certainly floating rate. in fixed rate the interest rate will not be changing to you for three years. in floating rate if RBI allows and if hdfc choose to increase the rate, immediately you will be charged more from that month. also if for any reason interest rate drops you will be benefited by paying lesser interest from that month
High home loan rate issue?
I found a home to buy but becuz I have no proof of income and its hard to verify my interest rate is going to be 11.09%. The loan is for $81,500. Will the rate go down when I refi in 6 months? Or will it take a year to do so? I plan to aggressively pay down the principal. I can contribute $20k in one year being that I'm an entertainer. I really want this 4 bed 2 full bath home. My credit isn't the greatest, in fact, just below 600. Any feedback is appreciated.
The rate would probably not go down much in six months because the amount you pay on a loan is only part of the picture. They are also looking for length of employment, credit history, and other stuff too. If you tried in a year the rate would certainly go down then but again don't look for huge drops, maybe one or two percentage points. The thing to remember is the longer history you have (that's good) the more it helps you in every aspect of credit. Good Luck on you home.
Wednesday, December 2, 2009
How to refinance home loan and consolidate home and auto loans?
What are the fha home loan rates like as of now? I'm looking to use a fha refinance for my current home.?
FHA refinance loans seem like my best option at the time for home loan refinancing. Can anyone provide me with some information pertaining to the current fha rates?
4.875%-5.00% (on a 30 year mortgage) is about the lowest going rate right now. Alot is factored into that rate but that's what you're looking at for rate. You can refinance up to 97.75% of the value of home. hope this helps. Good luck.
How much money do you have to pay for closing cost when you refinance home loan? ?
I would like to refinance my house to get lower rate. My loan is 200,000. I m a first time homeowner, my current rate is 6.5 %. I ve own my home for about a couple of months, my credit is good, not excellent. I would like to know a ball park on paying closing cost. Also is the closing cost money i need to come up with?
2%
we have not so good credit and want to refinance our home loan to consolidate our auto loans into our mortgage . is this a bad idea
one reason why a large number of Americans are in debt is because they don't check their credit report&score monthly.
Home equity loan or refinance existing home loan?
My husband and I are looking into a home equity loan or refinancing our existing home loan. We own a doublewide on 4 1/2 acres that has been converted to real property. Which is better? A home equity loan, or refinance our existing loan? Where do we start? What should we know? And what we should be careful of?
If you have a great rate on the first then leave it. It also depends on the size of your HEloan. Ask your broker or bank to compare the two and see what's in your best interest. A HELOC is very easy depending on your credit. If the credit is good then you should expect a no closing cost loan at about 5% You can email with any other questions
Anybody know of a good bank to refinance home loan with not so good credit?
need to refinance home loan with not so good credit
FHA refinance loans seem like my best option at the time for home loan refinancing. Can anyone provide me with some information pertaining to the current fha rates?
4.875%-5.00% (on a 30 year mortgage) is about the lowest going rate right now. Alot is factored into that rate but that's what you're looking at for rate. You can refinance up to 97.75% of the value of home. hope this helps. Good luck.
How much money do you have to pay for closing cost when you refinance home loan? ?
I would like to refinance my house to get lower rate. My loan is 200,000. I m a first time homeowner, my current rate is 6.5 %. I ve own my home for about a couple of months, my credit is good, not excellent. I would like to know a ball park on paying closing cost. Also is the closing cost money i need to come up with?
2%
we have not so good credit and want to refinance our home loan to consolidate our auto loans into our mortgage . is this a bad idea
one reason why a large number of Americans are in debt is because they don't check their credit report&score monthly.
Home equity loan or refinance existing home loan?
My husband and I are looking into a home equity loan or refinancing our existing home loan. We own a doublewide on 4 1/2 acres that has been converted to real property. Which is better? A home equity loan, or refinance our existing loan? Where do we start? What should we know? And what we should be careful of?
If you have a great rate on the first then leave it. It also depends on the size of your HEloan. Ask your broker or bank to compare the two and see what's in your best interest. A HELOC is very easy depending on your credit. If the credit is good then you should expect a no closing cost loan at about 5% You can email with any other questions
Anybody know of a good bank to refinance home loan with not so good credit?
need to refinance home loan with not so good credit
Subscribe to:
Posts (Atom)