Indications are that they will continue to move higher, leaving many homeowners and buyers wondering what rising rates mean for them. I spoke to Craig Strent, CEO of Rockville-based Apex Home. Most.
Ashok Mohanani, Chairman, EKTA World, says, "For the fourth time in a row, the RBI cuts the repo rate, this time by 35 basis points. The RBI has pumped lot of liquidity into the banking system which should make a clear pledge to keep the banking system glow with liquidity.
But, should the RBI move invoke similar sentiments among home buyers? They, too, have several reasons to be disappointed. First and foremost, no change in repo rate means a buyer’s monthly outgo towards home loan repayment will remain the same.
· Buying house in a bank auction? Take care of additional costs When a bank auctions a property, it is sold on an ‘as is where is’ basis. Read the bid.
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To smoothen the path, the government must come up with tax sops and rate cuts that are extended to buyers. So far we have seen the RBI announced three repo rate cuts this year but the benefit has not been extended to the buyers. It is paramount that banks should pass-on the interest rates to consumers to get the sector back on a fast track.
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Repo rate is the rate at which the central bank of a country (Reserve Bank of India in case of India) lends money to commercial banks in the event of any shortfall of funds. Repo rate is used by monetary authorities to control inflation. Effects.
Floating rate loans, whether for buying. s repo rate). Aside from quicker transmission, this also implies other changes in.
The consequential reduction in EMI burden for the consumers should pep. genuine home buyers are now actively considering a serious buying decision. Manoj Gaur, Vice-President, CREDAI National: With.
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· Can i use a mortgage loan to buy a house and to make updates also? So for example i get a loan for $100,000 but buy a house for $60,000, can i use Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.