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ICICI Bank is the largest private sector bank in India and it offers home loans for the applicants. It has introduced some home loan products like "Maxmoney Home Loans", "Smart Fix Loans" etc. I will give more details on the same products.

ICICI Maxmoney Home Loans:

• Higher Loan amount eligibility i.e. 30% higher than current eligibility.
• Lower Initial Installment.
• Installment amount gets stepped up.
• The bank offers fixed rates or floating interest rates or the mix of both. The normal rate for housing loans is 12.75%. But it may vary according to the loan amount and the loan repayment period.

ICICI Smartfix Home Loans:

• This product has the benefit of both the fixed interest rates as well as floating interest rates. For the first three years the applicant will have fixed interest rates and from the fourth year he has to bear the prevailing floating interest rates.

ICICI Bank Home Improvement Loans:

• This loan is offered for the renovation of the old homes. The amount sanctioned is up to 50 lakhs and the time period of repayment may vary up to 15 years.
• The sanctioned amount covers 70% of the total cost involved for home improvement.
• The rates is similar to that of housing loans with the normal rates of 12.75%. You have to check the latest rates from the bank.

Application Requirements:

• The minimum age of the applicant should be 21 years.
• The applicant should be a salary holder or self employed with regular income. He should submit a proof for his regular income.
• The applicant should be a Indian. If he is an NRI, then he should be a salary holder.

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If you live in Florida and are buying a home for the first time, you qualify for the term, 'FL first time home buyer'. If you are a FL First time home buyer looking for a good mortgage loan that will be easy to pay off, you will need to do quite a bit of research. This research must be done before you even contact a mortgage lender or broker. You need to get yourself acquainted with the different mortgage loan types before you contact a broker so that you can choose one that best suits you.

Fixed Rate Mortgage Loans

The fixed rate mortgage is a mortgage loan that will have the same rate you get initially throughout the term of the mortgage.

The rate given to you will be based on your credit score and the present market rates. You can get a fixed loan mortgage for a period of 15 years, 20 years, 30 years or more depending on your payment ability.

There are quite a few advantages with fixed rate mortgage loans. For instance, you can be sure about your monthly payments since they will always be the same because the interest rate will not change. Secondly, since the rates are low now, it is best to get a fixed rate mortgage since you will have a low rate for the entire term of the mortgage. There are a few disadvantages though. If you plan to keep the house for a period of less than 5 years then getting a fixed rate mortgage is not sensible since you can get lower initial rates with a mortgage buy down or an adjustable rate mortgage. Do not get a fixed rate mortgage if you are planning to sell the house within 5 or 7 years.

Adjustable Rate Mortgage

The second type of home mortgage is the adjustable rate mortgage. An adjustable Rate Mortgage is a loan where the rate of interest fluctuates according to the market rate. The rate of interest will change as the term of the loan continues and therefore your monthly payments will depend on the current market rate. The interest rate will remain fixed for the initial period of the loan. (3 or 5 or 7 years) the rate will then change based on the current market rate.

The advantages of adjustable rate mortgage are the interest rate in Adjustable Rate Mortgage is less than the normal rate you get on a fixed rate mortgage loan. If you are planning to keep a house for not more than seven years, then this loan type is a good option. The downside is, if you are planning to keep your house for more than 10 years, getting an Adjustable Rate Mortgage can be a little risky since you don't know how much the interest rate will go up by.

There are many other types of mortgage loans out there from which you can choose the one which is most suited to your financial situation. For instance, if you are someone who gets paid your whole years salary at one time you can opt for an Interest only Mortgage Loan. You can also get a mortgage buy-down in which you have to pay a certain fee in order to lower the interest rate for the first few years.

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"Industrial Development Bank of India" shortly known as IDBI is one of the bank that offers Home Loans as one of the financial products. IDBI home finance interest rates are relatively cheap when compared to other public sector banks and private sector banks.

Recently the public sector banks reduced the loan rates by 100 basis points for the new borrowers. Based on that IDBI bank also reduced the floating rates for home loans upto Rs 30 lakhs by 100 basis points. You can get the latest rates from related websites or by visiting the bank. This would help the loan borrowers to SAVE A LOT OF MONEY. For loan amounts more than Rs 30 lakhs, the bank reduced the rates by 50 basis points. It also reduced the margin money rates for loans less than Rs 30 Lakhs.

Benefits of IDBI Home Loans:

• You can get the maximum amount as loan depending upon your income level.
• You have the flexibility to choose between fixed rates and floating interest rates. If you choose floating rates, you can hedge the risk of rise in interest rates due to various reasons.
• You can get less interest for your loans when compared to other banks.
• The interest rates are charged based on daily reducing balance i.e. your interest rates will be based on the daily loan balance that is available in your loan account. This concept of daily reducing balance starts from the day on which your loan is sanctioned.

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Are you a first time home buyer, wanting to take advantage of the buyers' market, but you don't have a lot of cash to put down? Or, maybe you're finding that you have outgrown your current residence and you want to move up, but realize that when you sell your existing home, you won't have the equity needed to provide at least the standard 20% down payment. Today's housing market has put more people, than ever before, in the position of needing 0 down home loans. Unfortunately, as the need has gone up for these loans, the choices and opportunities have declined. So what's a home buyer to do?

First of all, if you are a U.S. military veteran, you may qualify for special VA 0 down home loans. Your military service is honored and greatly appreciated, so these loans generally have great rates and no private mortgage insurance (PMI).

If you are non-military, then you will need at least 3.5% to put down for an FHA loan and will be required to pay for Private Mortgage Insurance (PMI). A few banks and mortgage companies have programs requiring as little as 5% or 10% down, but the rates will be higher, your income requirements will be more stringent and you will also have to pay PMI.

PMI is a special insurance that helps to cover the lender's added risk for lending more than 80% of the purchase price of a home. Your actual PMI cost is determined by a variety of factors, but there are two primary factors: First is the loan to value. The less you are putting down, the greater your amount of monthly PMI. With a 5% down payment, you can assume at least an additional 1% of your loan amount to be added to your payment. For example, a $123,500 loan on a $130,000 home would add approximately $103 to your monthly payment ($1,230/12 months). This is a general estimated amount and will vary, so be sure to get your specific amount from your lender.

Second, your credit (FICO) score will alter the amount that you have to pay. Any score under 700 will add dollars to your monthly cost. It is very important that you ask your lender for the specific cost prior to even applying for the loan.

Before applying for any loan, be sure to have your finances organized:
• Have a clear understanding of your source of funds for the down payment and monthly payments.
• Pull a free copy of your credit report to so you can clear up any discrepancies and can communicate any concerns prior to filling out a loan application.
• Know how much you can afford by completing a detailed budget. Don't let a loan officer tell you how much you can afford. Only you can determine your level of borrowing comfort!

Unfortunately, for the general population 0 down home loans may be a thing of the past. But, with careful planning, properly managed credit and a clear understanding of your total mortgage costs, home ownership can still be your American dream.

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The majority of people have heard the words remortgages and secured loans but do not know that much about them, what they can be used for, and how long they take to arrange, etc.

The first main thing that must be pointed out, is that both of these are home loans for which only those who have bought their property can apply, as they are both two financial products that require to be secured against the asset of a property.

A remortgage means changing from a current mortgage lender to a new one.

If you think that it sounds sily to move to another provider,well it certainly is not as the new lender may offer you a much better interest rate.

The average person has a mortgage in excess of 100,000, and many homeowners have mortgages of much more than this, with mortgages over one million not being unknown.

As such, even achieving an interest rate of half of one percent less, can have a beneficial affect on a monthly repayment.

It is sometimes a like for like remortgage that is applied for, and sometimes additional funds are raised.

Secured loans do not interfere with the current mortgage, but they rank after the current mortgage which is known as the first mortgage.

That is why, in addition to being called homeowner loans, they are also known as second mortgages. This is exactly what these loans are.

Like remortgages, homeowner loans can be used for the exact same purposes, including being used as debt consolidation loans.

Remortgages come in various types, such as fixed rates, whereby the payment is set at the same for a certain time, of normally between one year up to five years.

The longer the period is fixed, the more expensive the monthly payment is.

It is comforting for a mortgage payer to know how much he must pay for the near future.

Tracker rates are also on the market, and these are cheaper than the fixed product, but can, and in fact will rise when the Bank Of England Base Lending Rate increases which it inevitably will.

Secured loans are more expensive than their cousins, being from about 9% at present, while a tracker remortgage rate starts at less than 2%, if the homeowner has equity of 60% or less on his property.

Secured loans take normally about three weeks to complete, as the applicant, by law, must be granted an eight day cooling off period.

Remortgages take longer to arrange than secured loans, and always take the minimum of a month and often more than this.

The documentation required for both is the same, and that is, proof of residency, identification for all applicants, the last three months bank statements and proof of income.

Those who are self employed need accounts, or an accountant's certificate, when applying for a remortgage.

Self certs are available for secured loans at restricted loan to value.

It is to be hoped that this information will prove useful to people considering taking out a remortgage or homeowner loan.

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People who are living their life living at others residential place and do not have their own home often have to face loan rejections. If you are looking for some immediate financial assistance and think that your tenancy is the main hindrance, non homeowner loans are for you. Now, you can simply fulfill your emergency needs by grabbing quick cash without any hassle and delay. These loans are specially crafted for non homeowners who are unable to meet their requirements on time.

As it is for non homeowners, non homeowner loans can be available to you without any collateral demand. This loan service can be enjoyed by the borrower as soon as possible as it removes all the hassle related to collateral such as assessment procedure and related paper work. The loan amount that you are allowed to borrow can be ranges from £100 to £1500 with flexible repayment period of 1 to 10 years. Fulfill your any of the urgent expenses and desires such as:

-Pay off home installments
-Purchase a new or used car
-Go for exotic vacations
-Higher education funding
-Long term medical expenses
-Debt consolidation
-Small business needs etc.

When your credit status is not good and you are tagged with many bad factors, you might face rejections and disapprovals. However, loans for non homeowner are swift loan aid for people with any type of credit status without any fear of disapproval at all. People with arrears, defaults, bankruptcy, foreclosures, late payments, deferred payments can also qualify for this loan without any apprehension. Moreover, you can have the opportunity to elevate your credit history by timely repayment of loan amount.

If you find the interest charges relatively higher than the other loans, make a thorough research of online financial market. It is advisable that borrowers should confirm the lenders about the interest rates before finalizing any deal and. Further, you can also negotiate with the lender for lowering down the rates based on the offered loan amount. Do not worry as you can get the loan money direct in your checking account within least possible time. It is a feasible and reliable loan deal that avails you the required amount in easy and fast manner.

Korbin Hunter is a senior financial analyst at loans for non homeowners with acumen for finance. In recent years he has taken up to provide independent financial advice through his informative articles. His articles are widely read because of the lucid manner of writing and thoroughly researched data. To find loans for non homeowners, cash loans, loans for homeowners and non homeowners loans that best suits your need visit

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There are so many choices in the market when it comes to applying for a loan. There are some basic requirements which a user wants when it comes to taking a loan. The common needs are that the interest rates of the loan should be low. Also the verification process and the loan approval process should be as short as possible. Also the payment options should be simple and UN complicated.

These loans are applied by complete imbeciles and thus these loans should have such payment options which can be understood by 5 year old. Just wish this was a joke but it ant. The penalties or other charges like processing charges should be low as well. The paperwork should be easy and understandable to the common fool on the street.

Homeowner loans are thus a fine example of such kind of loans. Cheap Homeowner Loans are an interesting option for those who have a collateral to offer to the bank. Also that loan should be the loan applicants home. Through this option the interest rates can be lowered by the bank as now this loan has become a low risk financial product for the bank. Also the processing rates and other charges can also be lowered by the bank. One needs to understand that the bank needs a few reasons before they can actually create cheap loans for the customers consumption. These kind loans are perfect for those who do not have a saturated home when it comes using them as collateral for loans.

Also such loans are easy to get. The verification process can be a bit long but when the low interest rate charged is taken into account it does not seem to be a very bad deal. Such kind of loans are cheap but also the installments should be always paid on time. Also the loan owner should make sure and be alert as sometimes the bank can offer a discount on the loan interest rate or amount if the money is paid back before time or the installments are made more regular or some other condition.