Home Loans FAQ Home

HDFC : Home Loan FAQs - Your Complaint - Your Questions - FAQs - Sitemap Search : Newsroom Home Page FAQs Home Loans FAQ Home Loans FAQs Non-Resident Indian FAQs Variable Rate Deposits FAQs HDFC Home Loans FAQs -- How will HDFC decide my home loan eligibility? We assess the customers repayment capacity while deciding on the home loan eligibility. Repayment capacity is based on factors such as income, age, qualifications, number of dependants, spouse's income, assets, liabilities, stability and continuity of occupation and savings history. And, of course, our main concern is to make sure that you can comfortably repay the loan amount. To get an indicative eligibility please click here: Loan Calculator Back to top --What are the different interest rate options you offer? We offer the following loan options Adjustable Rate Home Loans Fixed Rate without money market conditions with money market conditions 2-in-1 Home Loans Back to top --How do I apply for the loan? HDFC Home Line HDFC Office Locator Apply Online SMS HDFCHOME to 6767 Back to top --Can HDFC assist me in selecting accommodation of my choice? We can assist you in finding the property of your choice. For information on this service, do contact our Property Services . Back to top --What Documents do you need for a loan approval ? Click here for List of Documents . Back to top --What is an EMI? You repay the loan in Equated Monthly Instalments (EMIs) comprising principal and interest. Repayment by way of EMI commences from the month following the month in which you take full disbursement. EMI Calculator Back to top --What is pre-EMI interest? Pending final disbursement, you pay interest on the portion of the loan disbursed. This interest called pre-EMI interest. Pre-EMI interest is payable every month from the date of each disbursement upto the date of commencement of EMI. Back to top --What is Tranche Based EMI repayment option ? To help customers save pre-EMI interest, we have introduced a special facility of Tranche Based EMI. For under construction properties customers can choose the instalments they wish to pay, till the time the property is ready for possession. Anything paid over and above the interest by the customer goes towards Principal repayment. The customer benefits by starting EMI and hence repays the loan faster. Back to top --Can I repay my loan ahead of schedule? Yes, you can repay the loan ahead of schedule by making Lumpsum payments or choose our accelerated repayment scheme . There are NO charges for choosing an accelerated repayment scheme and for lumpsum payments under Adjustable Rate Home Loan. There are no prepayment charges under fixed rate loans for prepayments less than 25% of the opening loan amount outstanding in a financial year. Prepayment charges are applicable under Fixed and Adjustable Rate Home Loan for prepayment through a refinance from other bank or institution. For further details please contact our Loan Counsellor. Back to top --Do I get a tax benefit on the loan? Yes. Resident Indians are eligible for certain tax benefits on principal and interest components of a loan under the Income Tax Act, 1961. Interest repayment of Rs. 1,50,000 p.a. can get you a tax saving upto about Rs. 47,250 p.a. Moreover, you can get added tax benefits under Sec 80 C on repayment of principal amount upto Rs. 1,00,000 p.a. that can further reduce your tax liability by about Rs. 30,000 p.a. Back to top --What security will I have to provide? The security for the loan is a first mortgage of the property to be financed, normally by way of deposit of title deeds and/or such other collateral security as may be necessary. Interim security may be additionally required, if the property is under construction. Collateral or interim security could be assignment to HDFC of life insurance policies, the surrender value of which is at least equal to the loan amount, guarantees from sound and solvent guarantors, pledge of shares and such other investments that are acceptable to HDFC. Please do ensure that the title to the property is clear, marketable and free from encumbrance. To elaborate, there should not be any existing mortgage, loan or litigation, which is likely to affect the title to the property adversely. Back to top --Does the Agreement for Sale have to be registered? In many states in India, the Agreement for Sale between the builder and purchaser is required by law to be registered. You are advised, in your own interest to lodge the Agreement for registration within four months of the date of the Agreement at the office of the Sub-Registrar appointed by the State Government, under the Indian Registration Act, 1908. Back to top --Are there any restrictions on transfer of immovable properties? In terms of Chapter XX C of the Income Tax Act, 1961, the Central Government has the first option to purchase certain immovable properties exceeding certain value and as such transactions covered by this Chapter can be proceeded with only after complying with the requirements prescribed therein. Back to top --Will HDFC finance persons of Indian origin holding foreign passports? As per current guidelines of the Reserve Bank of India persons of Indian origin holding foreign passports are eligible for loans with HDFC. Back to top --How is my loan reassessed if there is a change in status from Non-Resident Indian to Resident Indian? The repayment capacity of the applicant(s) based on Resident status is reassessed and a revised repayment schedule worked out. The new rate of interest will be as per the currently applicable rate of Resident Indian loans (for that specific loan product). This revised rate of interest would be applicable on the outstanding balance being converted. A letter is given to the customer confirming the change of status. Back to top --Are these policies subject to change? Yes. These policies will be reviewed periodically. Back to top Suggestions Tell a Friend Print this Page -- Frequently Asked Questions HDFC Bank | HDFC Mutual Fund | HDFC Standard Life | HDFC Securities | HDFC Realty | HDFC Chubb | Intelenet Global | CIBIL Disclaimer 1999 Housing Development Finance Corporation Limited. Site Designed & Developed by IL&FS Infotech Limited .

Real Estate Broker Code

DRL - Real Estate Broker Home Login About DRL Site Map Contact DRL FAQ Business Professions Health Professions All Boards Definition Download Help Duplicate License Education FAQs Fees Forms Practice FAQs Obtain License Organizations Renew Online Rules Statutes Verifications What's New Real Estate Broker Code Book A real estate broker is an individual who: a. For another, and for commission, money or other thing of value, negotiates or offers or attempts to negotiate a sale, exchange, purchase or rental of an interest or estate in real estate; b. Is engaged wholly or in part in the business of selling real estate to the extent that a pattern of real estate sales is established, whether or not such real estate is owned by such person. Five sales in one year or 10 sales in 5 years is presumptive evidence of a pattern of sales. c. For another and for commission, money or other thing of value, negotiates or offers or attempts to negotiate a sale, exchange, purchase or rental of any business, its goodwill, inventory, fixtures or an interest therein; or d. Is engaged wholly or in part in the business of selling business opportunities or goodwill of an existing business or is engaged wholly or in part in the business of buying and selling, exchanging or renting of any business, its goodwill, inventory, fixtures or an interest therein. e. For another, and for commission, money or other thing of value, negotiates or offers or attempts to negotiate a sale, exchange or purchase of a time share. f. Is engaged wholly or in part in the business of selling time shares to the extent that a pattern of sales is established, whether or not the time shares are owned by such person. g. For another, and for a commission, money or other thing of value, promotes the sale, exchange, purchase, option, rental or leasing of real estate or business opportunities. This paragraph does not apply to a person who only publishes or disseminates verbatim information provided by another person. For exceptions to the above, see s. 452.01(3), Wis. Stats. No person may engage in or follow the business or occupation of, or advertise or hold himself or herself out as, or act temporarily or otherwise as a broker without a Wisconsin real estate brokers license. The purpose of licensure is to ensure that only qualified people handle real estate transactions and supervise licensed salespersons in Wisconsin. It ensures proper listing, selling, buying, exchanging, leasing or renting of real property or a business opportunity. Last updated: Wednesday, January 7, 2004 Wisconsin Department of Regulation & Licensing. All Rights Reserved. If you have suggestions about how to improve our website, contact our webmaster . Disclaimer | Privacy Statement

Property Listings ST.LUCIA CapMaison

Caribbean Property List Real EstateIn The Caribbean CaribbeanProperties With Color Photos Featured Caribbean Real Estate,Yachts, Islands For Sale, Opportunities Featured CaribbeanProperty Listings ST.LUCIA CapMaison the most exclusive address in St Lucia . PANAMA PanamaLuxury Homes at Yesterday's Prices - Oceanfront and Golf COSTARICA BeachfrontSportfishing Hotel - Marina Complex PANAMA Safe,serene island Beach lots, homes Minutes to Bocas - Panama Caribbean . ANGUILLA Startingat $700,000 Sophistication At A Tidal Pace BAHAMAS CustomOceanfront Villas on Exuma Island, Bahamas. Up to 1 acre starting at $500K HONDURAS Roatan,Palmetto Ridge. Big seaviews. A new planned community COSTARICA $169,500 Purchasea piece of paradise in a leisure living/resort style development. BELIZE ChetumalBay Beach Property For Sale, pier, docks Lots from $12,900 . DOMINICANREPUBLIC $475,000 Villade Brisas - Enjoy being just steps away from the beach with breathtakingocean views. e BooksFor Expats - Get Hard To Find Information To Help Your Restart Your LifeOverseas CaribbeanBusiness Opportunities ISLANDPRO HOMES PutAn Island Pro Home On Your Caribbean Property REALESTATE ZINE TheOffshore Real Estate Quarterly has articles on International Real Estate VACATIONRENTALS VacationRentals in the Caribbean & Worldwide CaribbeanIslands For Sale PANAMA $1,200,000Negotiable Private 100 Acre Island In Panama NICARAGUA $190,000or $100 Per Night Island Lots Of Room To Build Minutes From Downtown BEUPFRONT PutYour Listing On the front page and get seen - The price is right and it'seffective MoreCaribbean Islands For Sale IslandsFor Sale Worldwide CaribbeanVacation Rentals MEXICO $750,000Negotiable or $2,500 Per Week Negotiable Triplex Penthouse W Roof-TopPool Playa Del Carmen . BEUPFRONT PutYour Listing On the front page and get seen - The price is right and it'seffective BAHAMAS HotelDevelopment on 1½ acres Great Exuma - Bargain at $675,000 MoreCaribbean Vacation Rentals VacationRentals Worldwide Caribbean Real Estate CurrentListings . SeeOur Hot Deals Page CaribbeanBusiness Opportunities RealEstate In Anguilla RealEstate In Antigua RealEstate In Aruba RealEstate In The Bahamas RealEstate In Barbados RealEstate In Belize RealEstate In Bermuda RealEstate In Bocas Del Toro RealEstate In Bonaire RealEstate In Cayman Islands RealEstate In Colombia RealEstate In Costa Rica RealEstate In Cuba RealEstate In Curaçao RealEstate In Dominica DominicanRepublic Real Estate RealEstate In Florida RealEstate In Grenada RealEstate In Grenadines RealEstate In Guadeloupe RealEstate In Guatemala RealEstate In Guyana RealEstate In Honduras RealEstate In Jamaica RealEstate In Mexico RealEstate In Montserrat NetherlandAntilles Properties RealEstate In Nevis RealEstate In Nicaragua RealEstate In Panama RealEstate In Puerto Rico RealEstate In Roatan RealEstate In Saba RealEstate In St.Barthelemy RealEstate In St.Eustatius RealEstate In St.Kitts RealEstate In St.Lucia RealEstate In St.Maarten RealEstate In St.Vincent RealEstate In Suriname RealEstate In Tobago RealEstate In Trinidad RealEstate Turks & Caicos RealEstate In Venezuela RealEstate In U.S. Virgin Islands RealEstate British Virgin Islands CaribbeanIslands For Sale CaribbeanVacation Rentals InternationalVacation Rentals CaribbeanResorts For Sale Boats& Yachts For Sale InternationalReal Estate Listings .. . . INTERNATIONAL REAL ESTATELISTINGS RealEstate In Africa Current Listings - RealEstate In Australia, New Zealand - RealEstate In Asia-Pacific & Oceania - RealEstate In Belize & Mexico - RealEstate In Canada & US - Current Listings - RealEstate in Central America RealEstate In Panama & Costa Rica - RealEstate In Europe & The UK - RealEstate Central & Eastern Europe - RealEstate In The Middle East & Israel - RealEstate In South America - RealEstate Central & South-East Asia - Bed& Breakfasts For Sale - Castlesfor Sale - MansionsFor Sale Worldwide - VillasFor Sale Worldwide - PutYour Property On EscapeArtist.com Front Page - PutYour Property On EscapeArtist.com Index Pages - . See Living& Investing In The Caribbean Islands : Tax Havens - Hideouts - SafeHavens - Resorts - Awide range of resources on relocating to the Caribbean, with articles,contacts, employment, real estate and embassies. . .. HomePage | Propertyfor Sale - HotDeals - Business/IncomeProperties - VacationRentals - SellYour Property IslandsFor Sale - Boats& Yachts For Sale - ResortsFor Sale - InternationalReal Estate Listings - MapOf Caribbean Caribbean PropertyList © 1995 - All Rights Reserved

Real Estate Sales Summit

Breckenridge, Keystone, and all Summit County ColoradoReal Estate Summit County Real Estate Home Summit County MLS Summit County Real Estate Sales Summit County Real Estate Showcase New Construction Selling Buying 1031 Exchange Office Locations Breckenridge Resort Help Wanted Summit County Colorado Real Estate Quick Real Estate Search Area: Breckenridge Keystone Copper Mountain Dillon / Summit Cove Frisco Silverthorne / Wildernest Park County Leadville Other Type: Residential Price: 000 to 000 Min Beds Ignore 1 2 3 4 5 Min Baths: Ignore 1 2 3 4 5 Min Square Feet: Contact | Advanced Search | Home Summit County Colorado Real Estate This is the index page for the Summit County Colorado real estate site of Ted Amenta , RE/MAX Properties of the Summit - Breckenridge real estate agent. Contact Ted for information on any real estate in Summit County Colorado including Breckenridge, Keystone, Dillon, Frisco, Silverthorne, Wildernest, Blue River, and Copper Mountain . Personal Summit County Real Estate Search Account This FREE service will allow you to search real estate listing details for all of the property listings in the Summit County Multiple Listing System (MLS). You can save specific real estate search results and specific properties to come back and view at any time. You will be able to view complete property photos, map out property locations, track price changes, arrange for automatic email notification of new listings, email listing details to others, set up showings, and much more! ( This link will open in a new window ) Click here for other search options Featured Summit County Real Estate : This area has complete real estate listing information and property photos for Ted's personal Summit County real estate listings. Buying Summit County Real Estate : For those planning to invest in Summit County real estate. Selling Summit County Real Estate : For those who have Summit County real estate which they would like to sell. 1031 Exchange Information : For both buyers and sellers of Summit County real estate. Summit County Real Estate Sales : Summit County real estate sales data dating back to Jan 01, 2000. Contact Information : How to contact Summit County real estate agent, Ted Amenta. Office Location : Ted's Breckenridge real estate office locations. Summit County Real Estate Links : This page provides links to other sites which may be of interest to anyone considering the purchase or sale of Summit County real estate. Breckenridge Tourism Guide : Another web site provided by Ted with information on Breckenridge lodging, dining, nightlife, shopping, history, maps, etc. Click here to contact Ted Realtor Ted Amenta is an Associate Broker with RE/MAX Properties of the Summit Each office Independently Owned and Operated Site Map 1 2 3 4 Summit County Gas Prices

Home Equity Conversion Mortgage

Home Equity Conversion Mortgage Program - HUD Housing About Housing Contact us Keywords Single Family Hospitals Multifamily OAHP Reading room Online forums Work online HUD news Homes Communities Working with HUD Resources Tools Webcasts Mailing lists Contact us Help Home Equity Conversion Mortgage Program Information by State Print version Email this to a friend Summary: The Home Equity Conversion Mortgage program enables older homeowners to withdraw some of the equity in their home in the form of monthly payments for life or a fixed term, or in a lump sum, or through a line of credit. Purpose: The Home Equity Conversion Mortgage Program (HECM) can enable an older home owning family to stay in their home while using some of its built up equity. The program allows such a household to get an insured reverse mortgage-a mortgage that converts equity into income. Because older persons can be vulnerable to fraudulent practices, the program requires that persons receive free reverse mortgage housing counseling from a HUD-approved reverse mortgage counseling agency before applying for a reverse mortgage. FHA insures HECM loans to protect lenders against loss if amounts withdrawn exceed equity when the property is sold. Type of Assistance: HECM can be used by homeowners who are 62 years of age and older. The total income that an owner can receive through HECM is the maximum claim amount, which is calculated with a formula including the age of the owner(s), the interest rate, and the value of the home. For example, on the basis of a loan at recent interest rates, a 65-year-old could borrow up to 26 percent of the home's value, a 75-year-old could borrow up to 39 percent, and an 85-year-old could borrow up to 56 percent. Borrowers may choose one of five payment options: (1) tenure, which gives the borrower a monthly payment from the lender for as long as the borrower lives and continues to occupy the home as a principal residence; (2) term, which gives the borrower monthly payments for a fixed period selected by the borrower; (3) line of credit, which allows the borrower to make withdrawals up to a maximum amount, at times and in amounts of the borrower's choosing; (4) modified tenure, which combines the tenure option with a line of credit; and (5) modified term, which combines the term option with a line of credit. The borrower remains the owner of the home and may sell it and move at any time, keeping the sales proceeds that exceed the mortgage balance. A borrower cannot be forced to sell the home to pay off the mortgage, even if the mortgage balance grows to exceed the value of the property. A HECM loan need not be repaid until the borrower moves, sells, or dies. When the loan must be paid, if it exceeds the value of the property, the borrower (or the heirs) will owe no more than the value of the property. FHA insurance will cover any balance due the lender. Two mortgage insurance premiums are collected to pay for HECM: an up front premium (2 percent of the home's value), which can be financed by the lender, and a monthly premium (which equals 0.5 percent per year of the mortgage balance). The lender's loan origination charge can vary, but only up to $1,800 in such charges may be financed by HECM. Borrowers may be charged appraisal and inspection fees set by HUD; these charges can also be financed. As part of the HECM program, HUD has provided for free reverse mortgage counseling (with training for the counselors) for persons considering using such an instrument, and a toll-free information line (1-888-466-3487). Eligible Grantees: Any lender authorized to make HUD-insured loans- such as banks, mortgage companies, and savings and loan associations-can participate in the HECM program. Eligible Customers: To be eligible for HECM, a homeowner must (1) be 62 years of age or older, (2) have a very low outstanding mortgage balance or own their home free and clear, and (3) have received HUD-approved reverse mortgage counseling to learn about the program. An eligible property must be a principal residence, but it can be a single-family residence, a one- to four-unit building with one unit occupied by the borrower, a manufactured home (mobile home), a unit in an FHA-approved condominium, or a unit in a planned unit development. The property must meet FHA standards, but the owner can pay for repairs using the reverse mortgage. Application: Homeowners who meet the eligibility criteria above can apply through an FHA-approved lending institution, which in turn submits the application to the local HUD Field Office for approval. Borrowers can locate FHA-approved lenders through HUD's searchable listing . Because there has been a problem of some senior citizens being charged thousands of dollars for information on HECM that is available free, HUD recently directed HECM lenders to stop doing business with companies that charge such fees. Funding Status: In FY 1996, the HECM program insured 3,604 homes with a value of $369 million. Through September 30, 1996, approximately 16,000 HECM loans had been made. Technical Guidance: TECHNICAL GUIDANCE: This program is authorized by the Housing and Community Development Act of 1987, Section 417, Public Law 100-242 (12 U.S.C. 1715z-20). Program regulations are in 24 CFR 200 and 206. This program is administered by the Office of Single-Family Housing in HUD's Office of Housing-Federal Housing Administration. For More Information: Homeowners who want to learn more about this program, or who were charged for HUD approved reverse mortgage counseling should call HUD's toll-free housing counseling information line, 1-800 569-4287 or see the searchable list of HUD approved reverse mortgage housing counseling agencies or call 1-888-466-3487. Additional information is available from two nonprofit organizations: the American Association of Retired Persons' (AARP) Home Equity Conversion Information Center (202-434-6044) and the National Center for Home Equity Conversion (NCHEC) at 7373 147th St., Room 115, Apple Valley MN 55124. Content updated April 26, 2002 Back to Top FOIA Privacy Web Policies and Important Links Home U.S. Department of Housing and Urban Development 451 7th Street S.W., Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455 Find the address of a HUD office near you