Getting the right home loan. The Moneysmart website has information about borrowing money and choosing the right home loan (link is external) – from understanding interest rates to how to pay off your home loan sooner. There is also a budget planner and mortgage calculator that will help you work out what repayments you can afford.
The government is negotiating with banks for a term loan worth Rs 2,500 crore, a move that would help the ailing state-owned telecom company Bharat Sanchar Nigam (BSNL) stay afloat, reports Business.
A VA Home loan offers benefits to veterans, active duty personnel and surviving spouses who qualify. A VA mortgage can be obtained through numerous housing programs offered by the Department of Veterans Affairs (VA). With this type of mortgage, the VA will either become your mortgage lender or the VA will guarantee a portion of your loan from a private lender in order to help you receive.
This includes special mortgage programs for a variety of different types of government employees, such as offered through HUD and the FHA. Depending on what type of government employee you are, we will help you determine what is the best home loan program for you. Our loan programs include conventional, FHA, VA, USDA, and jumbo home loans.
Government Mortgage Relief Programs Loan Modification. The purpose of a mortgage loan modification is to get your monthly payment to a more affordable level. An "affordable" mortgage payment is typically defined as 31% of the borrower’s monthly gross income. This is achieved by modifying one or more components of your mortgage: