Blog about Loans

There was a time when people used to dream of owning a home. This was the biggest and first dream every newly married couple would have, that is to have a roof over your head. Be it a one room kitchen, a two room kitchen or a two bedroom hall kitchen or a bigger flat, everyone just had to have a home of own. Thane city ahs shown tremendous progress in terms of house constructions and with villas to duplex apartments , there is place for all luxury living here. But I have seen a change, a change for better coming up now as the rates of houses are increasing the new thought coming up is, is it worth purchasing a home? The west has been showing constant change in values and progress financially and as we all know buying a flat in the States or any foreign country is so expensive people prefer staying on rent. There are so many advantages in this as they save on the commitment of a home loan and since the pressure of repayment is not there they can enjoy their income and save accordingly.

Home loans and home rates have been increasing steadily and with no hope for new buyers. The hope of any lowering of home rates has now been stabilized and there seems to be no benefit to the borrowers of home loans. Many unsold houses and lowered numbers of new home loan borrowers, all has led to a stand still in the housing sector industry. The ray of hope from any changes in the home loan rates and home rates in 2010 from the Government have been to no avail. All the government policies though having changed considerably there seems to be no respite from the pressures of repayment of big home loans. The builders have stalled projects taking more time and delayed construction due to expenditure involved in processing and approval of registered construction societies , there seems to be a slack in the home loans scenario front. Slim House in Japan  Till 2010 middle class people had the hope of purchasing new homes, maybe on the outskirts of the city, but now the rates have increased