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A Loan Against Property (LAP) is a type of loan that a borrower can secure. In this case, the borrower must pledge their property as collateral or security. These schemes are also known as mortgage loans. These loans have annual interest rates ranging from 14% to 16%. Another distinguishing feature of a LAP is the ability to obtain large sums, typically in the tens of lakhs or even crores.
Read more »Property tax or house tax is the amount of money paid by the property owners to the municipal corporation or the local government of the area where the property is located. Property means all tangible real estate property, an individual’s house, or office building that the owner has rented to someone else.
The amount of property tax collected by the government is used for the maintenance or repair of various public facilities such as roads, parks, schools, sewage systems, etc.
Read more »Certified Financial Planners are skilled finance experts who help clients with high net to invest their money into stock markets, mutual funds, and other investment policies. They can also work as tax consultants, asset managers, and relationship managers in banks, AMCs, stock brokerages.
Read more »Earning money is one of the main reasons why we all get into higher studies. We all dream of a job that pays well and lets us live a life of dignity and luxury. But that’s an ordinary thought. What if you can make money work for you (and also for others) and in the process live your dream life? Well, that’s exactly what can happen if you are a CFP aspirant.
Read more »A Certified Financial Planner (CFP) is a qualified financial expert whose job is to assist clients to invest their money so that it can grow securely and safely. The basis of the job is to help clients plan their finances for long-term benefits.
Read more »The following steps are namely remembering to not borrow money anymore, ensuring that you use expense tracking applications, properly understanding debt consolidation, making sure to make debt settlement in addition to always taking professional assistance if required to get out of debt. However, you need to follow these given steps very diligently. Tricks to get out of debt faster.
Read more »As the name suggests, a home loan is the amount of money an individual borrow from banks or other financial institutions after meeting certain loan eligibility criteria to purchase a residential or commercial property. The money borrowed has to be paid back to the lender in easy monthly installments (EMI) at a particular rate of interest. There are many banks and financial institutions that offer loans to help you buy or construct your dream home. Loans are also available for renovation or extension purposes.
Read more »Manna Wealth Management understands that portfolios should not be “one size fits all.” This team of experts really listens to clients to get to know them and their needs so they can customize strategies as well as highlight things that could blindside clients later.
This Florida wealth management firm, Manna Wealth Management has financial advisors that specialize in Social Security benefits and can help clients make smart financial decisions that will help them throughout their retirement.
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Talks of recession abound worldwide, and more signs show that an impending economic downturn can be upon us. A comprehensive study by The World Bank warns of a risk of global recession amid simultaneous rate hikes. And at home, ANZ – Roy Morgan Consumer Confidence drops – with just about 12% of those surveyed expecting ‘good times’ for the economy over the next five years.
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Home loan interest rate is defined as the rate of percentage of principal amount charged by home loan lender. The home loan amount is determined by the interest rate charged by banks and non-financial institutions. The interest rate charged determines how much you must pay your lender each month against your loan. Interest rates are typically linked to the repo rate and vary by lender.
Home loan interest rates differ in every financial institution. It also vary from person to person. A very small change in the home loan interest rate can lead to an immense increase in overall interest paid.
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