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

Music scholar. Writer. Alcohol evangelist. Analyst. Unapologetic coffee geek. Tv junkie. In 2009 I was developing strategies for hula hoops in Las Vegas, NV. Spent 2002-2009 training sock monkeys in Mexico. Spent the 80's short selling yard waste worldwide. Have some experience developing yard waste in Africa. Spent several months exporting mosquito repellent in Jacksonville, FL. Lead a team building robots in West Palm Beach, FL.

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