Lending institutions like banks and housing
finance companies offer different types of home loans for a wide
gamut of housing activities. Some of the popular housing loans
Home Purchase Loans: There are the basic home loans for the
purchase of a new home.
Home Improvement Loans: These loans are given for
implementing repair works and renovations in a home that has
already been purchased by you.
Home Construction Loans: These loans are available for the
construction of a new home.
Home Extension Loans: Are given for expanding or extending
an existing home. For example addition of an extra room, etc.
Land Purchase Loans: These loans are available for purchase
of land for both home construction or investment purposes.
Bridge Loans: Bridge Loans are designed for people who wish
to sell the existing home and purchase another. The bridge loan
helps finance the new home, until a buyer is found for the old
Balance Transfer: Balance Transfer loans help you to pay
off an existing home loan and avail the option of a loan with a
lower rate of interest.
Refinance Loans: These loans help you pay off the debt you
have incurred from private sources such as relatives and friends,
for the purchase of your present home.
Stamp Duty Loans: These loans are sanctioned to pay the
stamp duty amount that needs to be paid on the purchase of