Taking a home loan to buy your first house? Five factors to consider

Taking a home loan to buy your first house? Five factors to consider

Taking a home loan to buy your first house? Five factors to consider Though you may have salary or income to support your home loan application, here are some factors you cannot ignore. Loans make many things accessible and homes are no exceptions. For millennials, loans are a part of life and they may not think twice before buying a home with a loan. However, here are five factors you should keep in mind even if you have adequate salary to get a loan and to service it. Property Age…

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Budget 2017: How it impacts your finances

Budget 2017: How it impacts your finances

All you need to know about the Budget to realign your finances with the new tax rules. Most expected an upbeat Budget post demonetisation, one laden with freebies and fireworks, to give the economy a much-needed push. A balanced Budget is what we got instead. The biggest relief came in the form of lower income tax rate for those earning between Rs 2.5 lakh and Rs 5 lakh. But one man’s gain is another man’s loss. The government has levied a surcharge of 10 per cent for people earning between…

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Rediff Q: Will this Budget be a gamechanger?

Rediff Q: Will this Budget be a gamechanger?

Harsh Roongta, Mahesh Padmanabhan, Anil Rego answer the most sought after questions on Budget Day. Rediff Q: What are your Budget expectations/wishlist? Harsh Roongta, Investment Advisor, harshroongta.com  • Fiscal deficit in control for the next year as per FRBM. • Aggressive tax compliance assumptions will be taken. • Aggressive growth assumptions for agri and manufacturing will be assumed. • DBS and electronic payments for all government payments. • Expansion of subsidy programmes for low income households, but at lower outlay through better targeting due to DBS. • Tax on cash…

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