In India does the property of grandfather belongs to grandson or son?
i am a grandson.. my dad enjoys his father property. can i claim anything for me and my mom? please i need correct answer.. help me out..
In India few issues have to been seen while deciding the fate of any property, firstly the religion of the parties whom the property belongs or claim the right in the property, secondly the nature of the property as in case of Hindus whether the property in dispute is the Ancestral property or the self acquired property of the holder of the property, thirdly whether there exist any testamentary document such as 'Will' providing the disposal of the property in any manner to any person or that the property is the leftover property of the deceased who died intestate i.e. leaving no such testamentary document such as "will" but had legal heir to claim it according to the law of succession applicable to them. In these scenarios one has to decide the fate of any property left by its holder on his or her death. Lets presume you belong to Hindu Family & the said property of the grand father left on his death without making any 'Will' was his self acquired property, in such a case according to the Hindu Succession Act,1956 applicable to Hindus the class 1 heir of this person shall be his sons, daughters & wife who shall get his property in equal share, however if any of his son or daughter had died before his death leaving behind their heir as in the branch of each pre-deceased son or each pre-deceased daughter then only any of these will get share of their pre-deceased father or mother as the case maybe. However in your case since your father is alive then neither you nor your mother claim any share out of the property of your grand father which goes to your father on his death unless your grandfather had made a ‘Will’ before his death in favor of you or/& your mother of his whole or share in his property.
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Thursday, January 28, 2010
Sunday, January 17, 2010
Can I get all home loan rates in India?
Is there any bank in India that gives Home Loan on agricultural/farm land in Gram Panchayat layout ?
I stay in Hyderabad and I would like to buy a plot in the outskirts which is a farm land. Assuming this agriculture land cannot be converted to residential land, can I still avail home loan India and get tax benefits? It falls in gram panchayat layout and is not HUDA approved. Pls let me know which bank I can approach.
No bank will finance you for un authorized houses constructed on a illegal layout. If it is outside of HUDA area, then Grama Panchayat layout are valid. But if the land conversion is not passable (like in Shamshabad area - Green built area - bio zone area), then no bank will finance it. But if any one finance it, weather it is a legal house or illegal house, then you can avail income tax benefits. The Income Tax department will give benefits on any house let it be in Delhi or in a small village.
I want to see all floating and fixed home loan rates in India. Is there such a website because I don't want rates only from 4 or 5 banks
Compare fixed and floating home loan rates and they also give other useful info such as fees, eligibility, margins etc. Definitely check it out.
Which is the home loan best in india 10 to 15 lakas in ajmer?
i living in uae dubai via nri a/c hdfc, sbi,oriantal bank of commerce etc please give me advice & please share your expiration with me .
HDFC home loan are easy to get if you know where to look. Home loans with low interest rates can make a sizeable difference in your savings, both on a long term and short term basis. A sure-fire way to finding some of the best home loans rate is by comparing between 3-4 different lenders prior to deciding who to opt for. While most lenders have a wide range of interest rates and schemes, those who offer flexibility in terms and conditions or can customize to your preferences can work the best for you.
Which bank or financial company is offering the lowset intrest rate on home loan in Mumbai, India ?
I stay in Hyderabad and I would like to buy a plot in the outskirts which is a farm land. Assuming this agriculture land cannot be converted to residential land, can I still avail home loan India and get tax benefits? It falls in gram panchayat layout and is not HUDA approved. Pls let me know which bank I can approach.
No bank will finance you for un authorized houses constructed on a illegal layout. If it is outside of HUDA area, then Grama Panchayat layout are valid. But if the land conversion is not passable (like in Shamshabad area - Green built area - bio zone area), then no bank will finance it. But if any one finance it, weather it is a legal house or illegal house, then you can avail income tax benefits. The Income Tax department will give benefits on any house let it be in Delhi or in a small village.
I want to see all floating and fixed home loan rates in India. Is there such a website because I don't want rates only from 4 or 5 banks
Compare fixed and floating home loan rates and they also give other useful info such as fees, eligibility, margins etc. Definitely check it out.
Which is the home loan best in india 10 to 15 lakas in ajmer?
i living in uae dubai via nri a/c hdfc, sbi,oriantal bank of commerce etc please give me advice & please share your expiration with me .
HDFC home loan are easy to get if you know where to look. Home loans with low interest rates can make a sizeable difference in your savings, both on a long term and short term basis. A sure-fire way to finding some of the best home loans rate is by comparing between 3-4 different lenders prior to deciding who to opt for. While most lenders have a wide range of interest rates and schemes, those who offer flexibility in terms and conditions or can customize to your preferences can work the best for you.
Which bank or financial company is offering the lowset intrest rate on home loan in Mumbai, India ?
Wednesday, January 13, 2010
When you apply for a home loan does it effect your credit?
We will be out of debt this month, but i have found out recently that paying off your debt wont really change your credit until you start to rebuild, so i want to go ahead and start to see what kind of home loans/ VA loan i can be approved for. However, i want to know if applying and being denied or applying too many times will effect my credit. This will be our first home so I want to look around to get the best offer, but i don't want that to look bad on my credit. My husband is military so VA loan is a possibility too. Please let me know if you have any info. Thanks Can you get a quote on an interest rate without it effecting your credit so you know what to expect before you actually apply for a loan? Like doing the quotes online through certain companies, will that effect my credit? Does pre-qualifying effect you credit? My husband is on active duty in Arizona right now, but were from Mississippi so were living out here but were going back to Mississippi at the end of the year, we have no home there so we have reseach everything out here before we go home, thats were some of the problems start. how do you get pre-qualified from across the country?
Well, first of all, go to a Mortgage Company and get pre-qualified. They will look over all your expenses (bills) and assets (income) and see if you can even buy a house. They will also determine how much house you can buy. No sense falling in Love with a 150,000.00 house if you only qualify for a 80,000.00 house. Then go from there. OH, also if the first Mortgage Company denies you, try another one. I had this experience and almost quit looking; then I tried another company and they qualified me and also financed me. Good luck.
Can some banks/lender close a home loan within 10 days after they receive the home loan application ?
Can some banks/lender close a home loan within 10 days after they receive the home loan application ? Yes, if the buyer has all of their ducks in a row.
Well, first of all, go to a Mortgage Company and get pre-qualified. They will look over all your expenses (bills) and assets (income) and see if you can even buy a house. They will also determine how much house you can buy. No sense falling in Love with a 150,000.00 house if you only qualify for a 80,000.00 house. Then go from there. OH, also if the first Mortgage Company denies you, try another one. I had this experience and almost quit looking; then I tried another company and they qualified me and also financed me. Good luck.
Can some banks/lender close a home loan within 10 days after they receive the home loan application ?
Can some banks/lender close a home loan within 10 days after they receive the home loan application ? Yes, if the buyer has all of their ducks in a row.
Tuesday, January 12, 2010
What is the risk borrowing home loan from a small and new bank?
I am having a traditional loan application with a big bank. I just found a small bank in Florida, founded in 2004, is offering better rate and cost compared to those big famous banks. The small bank is member of FDIC. Somebody told me small bank may not follow federal regulations. How do I tell if a bank is a qualified home loan lender that follows all lending regulations? What is the risk borrowing home loan from a small bank?
FDIC is great and all, but it has almost nothing to do with lending. FDIC means that they have a Federal Deposit Insurance Company protecting your deposits (checking, savings, CDs, IRAs, etc) in the case of the bank going belly up. If the bank ends up getting in trouble, they will sell your loan off to another bank or financial institution for the capital. This can happen in large banks as well as small banks, especially the way the economy is right now. To test this small bank for their federal guidelines, when you walk in next time ask them where they have posted their Community Reinvestment Act public notice. If they look at you like they have to no idea what you are talking about, walk back out the door and don't look back. If they have one, take a seat!!
How can I get approved for a home loan if I am moving to another state?
Hi! My husband and I are trying to move to Indiana in the next year and buy a house. This will be our first home. We both are foster parents in Nevada now. Any home loan advisors out there? Can you tell me how I can get approved/pre-approved for a full 30-40 year home loan when we have not yet gotten new jobs in the state we're planning on moving?
The easiest way to do that would be through private financing. You may have the best luck with something rent to own. Reputable lenders may still allow for that type of purchase if it is done as a secondary or vacation home for underwriting purposes to explain the distance between where you are currently living and working versus where you are buying. The only problem that may cause is the amount of funds you would have to bring to the table. You may need to put 30% down as opposed to say 10 or 20%. If you can get one of your jobs to transfer you to an office where you want to buy, and will provide you with documentation stating their intentions then that should make things much easier for you. Good luck!
FDIC is great and all, but it has almost nothing to do with lending. FDIC means that they have a Federal Deposit Insurance Company protecting your deposits (checking, savings, CDs, IRAs, etc) in the case of the bank going belly up. If the bank ends up getting in trouble, they will sell your loan off to another bank or financial institution for the capital. This can happen in large banks as well as small banks, especially the way the economy is right now. To test this small bank for their federal guidelines, when you walk in next time ask them where they have posted their Community Reinvestment Act public notice. If they look at you like they have to no idea what you are talking about, walk back out the door and don't look back. If they have one, take a seat!!
How can I get approved for a home loan if I am moving to another state?
Hi! My husband and I are trying to move to Indiana in the next year and buy a house. This will be our first home. We both are foster parents in Nevada now. Any home loan advisors out there? Can you tell me how I can get approved/pre-approved for a full 30-40 year home loan when we have not yet gotten new jobs in the state we're planning on moving?
The easiest way to do that would be through private financing. You may have the best luck with something rent to own. Reputable lenders may still allow for that type of purchase if it is done as a secondary or vacation home for underwriting purposes to explain the distance between where you are currently living and working versus where you are buying. The only problem that may cause is the amount of funds you would have to bring to the table. You may need to put 30% down as opposed to say 10 or 20%. If you can get one of your jobs to transfer you to an office where you want to buy, and will provide you with documentation stating their intentions then that should make things much easier for you. Good luck!
Wednesday, January 6, 2010
Who has the best home loan interest rate for right now?
What kind of home loan interest rate could I get with a bankruptcy on my record?
I have a chapter 7 bankruptcy on my record from 2003, but I have no debt and a credit score of about 700. And I have $20,000 for a down payment. If I got a home loan, would the bankruptcy make a huge difference in the interest rate? How big a difference?
I had a bankruptcy back in 2001. My husband and I bought a house in 2004, and my credit score was about 700 as well. We had no problem getting the low interest rates that were available at the time. You have a fairly large down payment too, so depending on the cost of the house you want to buy, you should have no problems getting the lower rates. I think the standard rate right now is about 5.5-6.5%.
Who has the best home loan rate for right now?
Who has the best home loan interest rate for right now? Please provide websites if you have them.
Best home loans are easy to get if you know where to look. Home loans with low interest rates can make a sizeable difference in your savings, both on a long term and short term basis. While most lenders have a wide range of interest rates and schemes, those who offer flexibility in terms and conditions or can customize to your preferences can work the best for you.
I have a chapter 7 bankruptcy on my record from 2003, but I have no debt and a credit score of about 700. And I have $20,000 for a down payment. If I got a home loan, would the bankruptcy make a huge difference in the interest rate? How big a difference?
I had a bankruptcy back in 2001. My husband and I bought a house in 2004, and my credit score was about 700 as well. We had no problem getting the low interest rates that were available at the time. You have a fairly large down payment too, so depending on the cost of the house you want to buy, you should have no problems getting the lower rates. I think the standard rate right now is about 5.5-6.5%.
Who has the best home loan rate for right now?
Who has the best home loan interest rate for right now? Please provide websites if you have them.
Best home loans are easy to get if you know where to look. Home loans with low interest rates can make a sizeable difference in your savings, both on a long term and short term basis. While most lenders have a wide range of interest rates and schemes, those who offer flexibility in terms and conditions or can customize to your preferences can work the best for you.
Tuesday, January 5, 2010
NRI home loan time to approve?
I am going to India in December for just 3 weeks. Now I need to search for a house and also apply for home loan and get it approved. Now I know its not going to happen in 3 weeks, my question is can my mom who lives in India take care of the ENTIRE process once I leave back for the US, if I give her to Power of Attorney? Also can I apply for an NRI home loan while sitting in the US? I am doing this for the first time, so any tips for buying a home in Mumbai are welcome.
NRI Home Loan?
I m in Dubai since 6 month, I m having plot in Junagadh(Gujarat) on my mothers name, i want to take loan against plot from Citibank to built a bunglow( not having NRI bank account yet ), Upto what amount i can get a loan? What are the legal procedure & document required for the same?
Which is the best bank to opt for home loans for NRI.?
I am an Indian.Currently i am in middle-east.I am planning to take a home loan from either of the following banks. SBI,ICICI. which one is better .Also let me which one to opt for fixed floating rate interest or floating rate of interest?
I want home Loan by NRI funding Co.,Trust(6%-7%)?
What kind of information are you looking for?
NRI Home Loan?
I m in Dubai since 6 month, I m having plot in Junagadh(Gujarat) on my mothers name, i want to take loan against plot from Citibank to built a bunglow( not having NRI bank account yet ), Upto what amount i can get a loan? What are the legal procedure & document required for the same?
Which is the best bank to opt for home loans for NRI.?
I am an Indian.Currently i am in middle-east.I am planning to take a home loan from either of the following banks. SBI,ICICI. which one is better .Also let me which one to opt for fixed floating rate interest or floating rate of interest?
I want home Loan by NRI funding Co.,Trust(6%-7%)?
What kind of information are you looking for?
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