Group items tagged

Banks and financial institutes are competing with attractive offers to encourage switching home loan. Borrowers can switch home loan to cheaper loans and save good amount in a month. Stable government has inspired and increased hope of investors and property buyers. RBI has brought down key policy rates drastically to bring balance in the economic slump and increasing borrowing.

Refinancing is transferring or switching your home loan from existing lender to new lender. Refinancing of home loan is also known as Balance Transfer or switching of loan. When refinancing or balance transfer, borrower transfers his outstanding home loan from one lender to another.

Have you heard that banks are breaking up? It's great news for home loan borrowers like yourself, as lenders rush to introduce a range of incentives to encourage people to switch. But you should be cautious of moving until you fully understand the benefit vs. cost equation. It also pays to be aware of all the different offers available in the marketplace, but it's hard to keep track and research can be very time consuming.