One of life’s most significant financial decisions to make is whether or not to buy a property. With the escalating real-estate rates, most people aspiring to purchase homes have to depend on banks and housing finance companies to provide the necessary finance to purchase a property. However, since a home loan is a high-value, long-tenure loan, the chances of the loan being rejected can increase manifolds. Unless the lender is convinced that you can repay it, your loan will not be sanctioned. Here are eight of the most common reasons why lenders reject home loan applicationsThe borrower doesn’t fit into the lender’s preferred age criteriaLenders need applicants to have a minimum of 3 years of work experience and stability in employment, which is why the minimum age for home loans is set at 24 years. On the other hand, borrowers edging towards retirement or those who’ve retired may have reduced sources of income which can prove to be a hindrance in repaying the … [Read more...] about Top Eight Reasons Why Lenders May Reject Your Home Loan Application
Stayed at home dad
Roughly a month after China launched the largest quarantine in human history, with more than 700 million people under full or partial lockdown as of last week, in an attempt at containment of the new coronavirus, the virus is now quickly spreading in other countries, including South Korea and Italy. On Tuesday, federal officials in the U.S. said that it’s not a matter of if the coronavirus will begin to spread in American communities, but when. San Francisco declared a state of emergency. No one knows, yet, how bad it might get. But here’s what individuals and companies can do to prepare. … [Read more...] about How to prepare your home, your workplace, and yourself for a pandemic
slowdown concerns do not seem to have been addressed to a great extent, or stay invested as the benefits of a corporate tax rate cut tend to take time to play out in the economy? Will interest rates go up due to higher inflation and thus should one go ahead and prepay loans, or will interest rates actually come down due to the RBI rate cuts over the last twelve months that are yet to be transmitted to borrowers? … [Read more...] about Budget 2020’s paradox of choice to taxpayers: to spend or to save?
“I think Whitney’s presence was with us when we were shooting, and I think her knowing that I was involved and her family was there would have made her proud,” Robinson says. “To me, this is about remembering Whitney’s body of work. And it’s just like putting on a DVD of her performance and enjoying it, except with this you really feel like she’s back on that stage in front of you. There is a whole generation, including my son, who never had the chance to see Whitney perform, and it was important to me that they get that chance. I think this is a great way to honor her work and let people fall in love with her again.” … [Read more...] about The hologram concert revolution is here, whether you like it or not: Meet the company touring Whitney Houston and Buddy Holly
But just because I’m over that hump doesn’t mean everyone else is. While some freelancers simply want the freedom and variety that comes with being your own boss, many are motivated by circumstances that prevent them from working full-time. Stay-at-home parents and other primary caregivers, university students, and retirees without the privilege of a pension, and those who live in remote communities or have limitations due to chronic illness, are just a few examples. Evidenced by the sheer number of monthly searches this topic attracts, these demographics struggle more than other Americans to achieve economic security. … [Read more...] about What freelancers need to be financially stable