PrzeSpider

A General News Blog

    • Month: November 2017

    Finance

    4 Essential Financial Lessons Business Owners Need to Learn

    When planning to set-up a business after the GST roll-out, you need to be careful and extremely knowledgeable. You need to follow the GST norms while keeping in mind your business objectives. It is difficult for start-ups to generate revenue…

    Posted on carolinejohan09
    mutton curry
    Food Health

    Cook some delicious mutton curry in your kitchen

    Mutton is mainly a weekend dish to Indians. Come Sunday afternoon and people are ready to cook some delicious dishes with soft mutton meat and this is a delicacy which can be paired with hot and steamed white rice. Mutton…

    Posted on Robert
    Home Improvement

    Four Questions that Every New Artist Is Asked Frequently

    No matter how good a person is, in the work he does, if he is new, his work will always be double-checked. Similarly, when someone opts to buy paintings online or offline of a novice artist, he or she would…

    Posted on carolinejohan09
    New Year Celebrations
    General

    New Year Celebrations in Kerala

    Soon we will say Goodbye to the year 2017 and welcome the New Year 2018. On this occasion, people send Happy new year Shayari to their loved ones and greet them with best wishes. To make New Year memorable people…

    Posted on Dan ride
    Home Improvement

    Guidelines To Remove Stubborn Stain

    Stain removers primarily rely on a combination of chemical reactions to remove stubborn stains. Separate stains require separate stain removers. It is necessarily a chemical substance that works to remove stains. So, we have a host of stain removal methods…

    Posted on Dan ride
    Have a bad credit score? You can still refinance your Home Loan with some simple yet effective ideas. Read on to get an insight now! Ajay Kulkarni had a Home Loan of Rs 30 lakhs for 20 years at an interest rate of 10%. Recently, there were some medical emergencies in his family and he could not pay the EMIs on time leading to the default of his loan repayments. He then came to know about another lender who was charging an interest rate of 8.53% on Home Loans. He decided to give the option a shot and opted for a Home Loan Transfer. But, his missed repayments had negatively reflected on his credit score and he did not know if his new lender would sanction his refinancing application. Let’s help you to go about a Home Loan refinancing despite a bad credit. How does you credit score affect refinancing? You should know that financial lenders use your credit score to find out if you can repay them on time. A credit score ranges within 300-900, and a score of 750 is a good score. A credit score within 350 to 750 is average while anything less than 350 is bad. If you have accumulated too much debt and a bad credit score, lenders will consider you as a ‘high-risk’ customer. Lenders may not wish to sanction your housing loan application. Banks, in particular do not give priority to borrowers failing Home Loan eligibility. How to refinance your Home Loan with a bad credit score? ● You will have to resolve your bad credit score in the first place. Try to pay off the costliest debt that you have. Also, try to at least pay the minimum amount due on your outstanding amounts ● If possible, deposit a particular amount in your bank account as the lenders may see that you have funds in the account to repay the Home Loan. ● You can also ask someone with a good credit score to co-sign your loan which may assure the lender that you will surely pay the loan on time and without fail. ● If a lender has rejected your Home Loan application, don’t try at the same lender or any other, why? Because a rejection also reflects on your credit score and reduces it even further. ● Rather than banks, apply for a Home Loan refinance with a non-banking financial company (NBFC) because NBFC are less strict than banks while handling your case. ● If you work for a noted company, you can negotiate with lenders as they do consider candidates with a bad credit score but with a good employer. ● You can also explain your lender about the bad credit score such as medical emergencies. You can make your case strong with original bills and medical certificate obtained from your physician. ● Nothing working? You can also approach credit management agencies; they may help you find the best match for your Home Loan refinance application. You must watch out for some precautions ● If a new lender accepts your Home Loan refinancing, it’s good for you, but may charge a high Home Loan interest rate when compared to new customers. You should also see if other fees and transfer charges are higher or not. If the cost of the balance transfer is high, refinancing may not be the best option to go for! ● Is your new lender increasing the loan duration while decreasing the interest rate? Watch out! For example – The new lender provided Ajay a low interest rate but extended the tenure to 20 years. But, he had already repaid the loan for five years to the pervious lender. It means that Ajay’s Home Loan refinance is set to cost him a lot more in the long run and his monthly payments have reduced, though! ● If you have loan repayment by refinancing mode on mind, you need to consider the other charges that you will incur. You must add it to the total loan cost if there is an increase in the tenure. The Bottom Line Home Loan refinance and that also on a bad credit score may be difficult but it is not out of proportion or is not impossible. The idea is to approach NBFCs than banks. Try to negotiate the terms and conditions by displaying your employer status or get a person with a good credit score to co-sign your loan. Also, try to improve your credit score as much as possible and consider all discussed pointers when deciding to opt for a Home Loan refinance.
    Business Finance

    How to refinance your Home Loan despite a bad credit score

    Have a bad credit score? You can still refinance your Home Loan with some simple yet effective ideas. Read on to get an insight now! Ajay Kulkarni had a Home Loan of Rs 30 lakhs for 20 years at an…

    Posted on Dan ride
    Professional Loan for Doctors
    Health

    How to Get the Professional Loan for Doctors?

    When it comes to the growth of a business, finance is a critical aspect. It is vital for the progress and success of any business. Without a regular pumping of money and finance, no business can thrive. With changing times,…

    Posted on Dan ride
    Buy a Japanese Used Car in Singapore
    Auto

    A Step-By-Step Guide to Buy a Japanese Used Car in Singapore!

    Have you been searching for a reliable vehicle which comes with a low budget? Are you facing difficulties to know which car could ideally fill all your needs? So, have you search for a Japanese used vehicle? Although it’s every…

    Posted on Dan ride
    Children Entertainers2
    General

    Portsmouth Children Entertainers offer remarkably memorable experience

    Identifying the right entertainment may be daunting for your child’s party. This stress is because you wish to ascertain how much you care for them and wish to turn their party into a memory to last for a lifetime. There…

    Posted on Dan ride
    Enjoy the colourful India at Ahmedabad, Gujarat
    Travel

    Enjoy the Colourful India at Ahmedabad, Gujarat

    The largest city in Gujarat state, Ahmedabad is also the administrative headquarters of entire Gujarat State. It has been an important hub for industries as well as economic for entire India. The eighth busiest airport in India is the SardarVallabhbhai…

    Posted on Dan ride