Mortgage guarantee makes home loans on hand but it comes at a price

Last week LIC Housing Finance (LICHF) tied up with India Mortgage Guarantee Corporation (IMGC) to offer longer-tenure loans. LICHF will now provide credits to older clients until the age of seventy-five. With a better tenure, borrowers might be capable of taking a better mortgage amount or opt for a lower equated month-to-month installment (EMI).

home loans

All this will become viable while a lender ties up with a mortgage guarantor. What is the loan guarantee? A mortgage guarantee is a chance switch device. The chance of the home loan receives transferred from the bank/housing finance company to the investment assure …

Judith Barnes

I am a freelance writer and blogger based in New York City. I love to write about home design, landscaping, architecture, gardens, real estate, and exterior design. I also run a blog called Mypropertal, where I share tips about home and garden improvement projects. In addition to writing, I work part-time as a social media manager for a real estate company in NYC.

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