LIC Housing Finance launches new home loan product - smr builders flat construction

LIC Housing Finance today said it has launched a new home loan product christened Freedom on a floating rate basis.
Under the scheme, loans upto Rs30 lakh would be offered at 9.9%, loans between Rs30-lakh-Rs75 lakh at 10.35% and loans of Rs75-lakh-Rs1.5-crore can be availed at 10.75%.
The scheme will allow customers an option to convert to a fixed rate scheme for five years after the disbursement of the first loan amount. They can exercise this option only once, within one year of availing the scheme.
The rate would be linked to the prime lending rate, unlike the company's Advantage-5 scheme that was launched last year, with the lending rate fixed at 9.25% for five years, and after that on a floating rate basis.
The company added that it has withdrawn its Advantage scheme, on concerns that it could be deemed to be a teaser loan rate scheme.
"It was not a teaser rate scheme. It would become a dual rate scheme after five years. We had sought a clarification from the regulator on it being a teaser rate scheme. Since we did not receive any clarification, we decided that it was better to withdraw the product," LIC Housing Finance's Chief Executive Officer, V K Sharma, said.
LIC Housing Finance operates 205 offices across the country and has representative offices at Dubai and Kuwait.

article resource: www.dnaindia.com/money

All about Flat Fee Brokers and Free MLS

If you have a house to sell and have
been trying to determine how to do this well, then there are a few tips
that may prove helpful to you. In order to sell your home for a decent
profit, it is important that you promote it to the right audiences.
There are many venues for this type of promotion, but now there is also
the ability to work with a flat fee broker
and also obtain a free MLS listing. This enables many owner’s to get
the maximum benefit reaching out to even more customers and also placing
your home on a marketplace that’s tapped into by thousands of
interested, potential buyers.Most
people, while selling their house, will automatically approach an agent
who will promise to handle all of the responsibilities of finding the
right buyer for your house and getting you paid according to agreed upon
terms. The only problem with hiring an agent is that you do not get to
choose your buyer directly, but rather, through the reference of the
agent. In addition, you are typically required to pay a percentage of
your selling price (5 to 6 %), in commission fees to the agent for their
services. If instead, you choose to hire a flat fee broker with a
free MLS service, you can easily do away with the need of an agent
altogether, and sell your house or property, on your own.The free MLS
listing is a crucial component to this strategy. A free MLS listing
will help you to get your property listed on a database that is visible
to thousands of potential buyers when they are actively searching for
property online. For an effective listing, you need to provide the
company with the information that might be appealing and informative to
prospects along with helpful and specific details concerning dimensions,
construction materials, yard size, and the like. Pictures are also
important for the best promotion of a home. Often, prospects will not
even bother to give a listing without photos a second glance. This is a
required portion of any good sales pitch. A flat fee broker will use this information to create a free MLS
listing for your property so that when a person searches for homes,
your property shall appear throughout a large database that is often
accessed by a prospective buyer, or flat fee broker, in your region.
Visit a for sale by owner service provider such as www.isellmyhome.ca
which can also facilitate the MLS exposure.


Click the link below to read the entry:
http://www.tagworld.com/blogs/item/all-about-flat-fee-brokers-and-free-mls

SMR Builders Flat construction

SMR Builders Flat construction - Investing in home is a long term plan and hence requires proper care besides perfect planning. It is only with meticulous planning and due care that investment in property results in giving the best outcome. Much of the planning begins with choosing the builders in the first instance. It needs to be remembered that the choice of builders makes all the difference in the long-run. In fact much of the time needs to be invested in finding the right builder.