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FAQ on Reverse Mortgage

Written on 9 Mar, 2010 at 15:37 in FAQs, Housing Finance | viewed 1 times | 0 Comments

Q.1.What is reverse mortgage? When you buy a house through a home loan, every EMI you pay towards servicing the loan increases your equity in the house. Once you payoff the loan in full, your equity in the house is 100... (Continue reading)

Housing Finance FAQs

Written on 28 Aug, 2009 at 15:34 in FAQs | viewed 48 times | 1 Comment

1. What are the different purposes for which home loan can be taken? Home loan is available for following purposes: i) To purchase or construct a new house/flat ii) To purchase an existing (old) house/flat iii) To extend, repair, renovate or alter... (Continue reading)

Deduction for interest on housing loan

Written on 6 Aug, 2009 at 15:56 in FAQs | viewed 135 times | 0 Comments

Income Tax : Deduction for interest on housing loan By S.K. Agarwal Q. Who can claim deduction for interest on housing loan ? A. A person may claim deduction from income (under the head “house property”) for interest payable in India on housing loan,... (Continue reading)

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