Nestbricks

How EPF can help you buy your Dream Home – 5 things you should know Buying a Home is once in a lifetime decision, and is probably the biggest investment for any of us. Various new policies have been introduced to assist home buyers. However, one requires in-depth financial planning to ensure the right funding for their home purchase. One of the latest schemes is the EPF housing scheme that allows EPFO subscribers to use 90% of their savings in EPF for EMI payments or for financing their down payment. The new scheme has raised a lot of questions in the mind of home buyers. Let us help you with solutions to some of the most common queries on the EPFO housing scheme: 1 . Are there any benefits of subscribing to the EPFO? Yes. It is an additional source for helping EPFO subscribers to fund their new home. You can not only reduce your loan amount but also get your interest on home loans reduced. 2 . Am I eligible? To withdraw EPF for purchasing a home, you must be a subscriber of the EPFO s...

  Ways to Reduce Interest Rate on Your Home Loans So  you've got  finally found your new home!  thus far  so good… Finding  the proper  home equity credit  is that the  next on your mind.  rate of interest  is  one of  the first  concerns when finalizing a  home equity credit . There has been  a discount  within the  interest rates recently.  a touch  difference  within the  interest rates offered will make  an excellent  difference for you since  it's  an enormous  investment. Let us throw light on  a number of  these smart  ways in which  can  assist you to  pay lesser interest rates on your home loans. Shorter  home equity credit  Duration Although going for a shorter duration will increase the EMI amount,  this may  certainly  make sure that  your principal amount is paid off much earli...