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Home loan
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Home loan, Home Equity Loan, Home Improvement Loan, Home Equity Line
of Credit, Home Loan, Housing Loan, Real Estate Leasing, Real Estate
Loan |
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Home loan, Home Equity Loan, Home Improvement Loan, Home Equity Line
of Credit |
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A Home loan is the generally term for a loan.
A home loan uses your home as security. It uses the net value of your
property as security for the loan.
Home loan program could of different types you have choose the right Home
Loan. Home Loan Includes Home equity Loan, Home Improvement Loan, Home
equity Line of credit.
Home loan rates are variable, depending on status. Monthly repayments will
depend on the amount borrowed and term. For many billions of People, the
single greatest achievement in life was to own a home, and thanks to a range
of banking services now available, home loans are a simple affair now. In
fact, home loans are now sold as a product and the applicant is treated like
a consumer. Gone are the days when ordinary folk depended on a lifetime of
savings and resorted to the local moneylender to build or buy a house. Home
loans make it possible to move into your own home, almost as soon as you can
afford the down-payment and keep paying for it while you also live in it.
But the home loan is actually a mortgage and you could lose the home in case
of repeated default.
Most banks have standard guidelines for applying for a home loan and a set
of rules, which may vary, from one finance institution to the other.
The term of the loan may range from one year to thirty years, with varying
interest rates. The longer the term, the higher the interest charged,
usually. However, having decided on a longer term, a pre-payment of the loan
also leads to pre-payment penalty - which usually ranges from one to two
percent.
For instance, most home loan applicants have to be between twenty-one and
fifty-eight years of age, or at least the guarantor has to be. There may be
age limit extensions of government employees or self-employed people who
will not be forced to retire at sixty.
Applicants for home loans must prove to be credit-worthy before a loan is
sanctioned by the bank or the finance institution concerned. For one, they
will demand to see proof of income or some proof that the applicant - now
referred to as a consumer - has the resources to repay the loan. The EMI, or
the monthly installments, will be a certain percentage of your income.
Taking a home loan also has tax advantages, which makes it a doubly good
investment, as compared to other conventional forms of savings. |
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Bank of Finland
P.O Box 160 FIN-00101 Helsinki 9-1832-628 9-658-424
info@bof.fi
www.bof.fi |
Aktia Bank
P.O. Box 207 Mannerheimintie 14 FIN-00101 Helsinki 10-247-5000
10-247-6356
aktia7@aktia.fi
www.aktia.fi |
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Bank of Aland Alandsbanken
Abp Nygatan 2 P.O. Box 3 22101 Mariehamn 204-29011 204-291-228
www.alandsbanken.fi |
Sampo plc Yliopistonkatu
27, Turku FIN-20075 Sampo 10-515-10 10-514-0051
www.leonia.fi |
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Merita Bank
Merita Pankki Oyj 00020 Merita 9-1651 9-1654-2838
www.merita.fi |
OKOBank
Okopankki Oyj P.O. Box 670 00101 Helsinki 9-12-901 9-1290-9787
www.osuuspankki.fi |
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CITIBANK INTERNATIONAL PLC
FINLAND BRANCH Aleksanterinkatu 48 00100 Helsinki 9-348-871 9-3488-7388
www.citibank.com |
ABN AMRO Mannerheimintie
5 C 00100 Helsinki 9-681-2200 9-692-7504
investorrelations@nl.abnamro.com
www.abnamro.com |
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Nordea Bank Finland
The OKO Bank Group
Sampo
They represent more than 80 per cent of the deposit and credit markets. |
Other commercial banks
include:
Bank of Åland Plc
eQ Bank
Evli Bank Plc
Gyllenberg Private Bank Ltd
Suomen AsuntoHypoPankki Oy
Tapiola Bank Ltd. |
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companies, mutual fund companies, and life insurance companies. |
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Aktia Savings Bank PLC
Mannerheimintie 14, POB 207, FI-00101 Helsinki
Tel. +358 10 247 5000, telefax +358 10 247 6356
http://www.aktia.com/en/index.php |
Bank of Åland PLC
Nygatan 2, POB 3, FI-22101 Maarianhamina
Tel. +358 204 29011, telefax +358 204 291 228
http://www.alandsbanken.fi |
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Citibank International PLC
Aleksanterinkatu 48 A, POB 980, FI-00101 Helsinki
Tel. +358 9 3488 7202, telefax +358 9 3488 7388
http://www.citigroup.com |
Danske Bank A/S
Aleksanterinkatu 44, POB 993, FI-00101 Helsinki
Tel. +358 9 7514 5000, telefax +358 9 7514 5050
http://www.danskebank.dk |
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DNB Nor Bank ASA
Finland Branch
Mannerheimintie 8, 9 krs, FI-00100 Helsinki
Tel. +358 9 6818 8420, telefax +358 9 6818 8450
http://www.dnb.no |
Nordea Bank Finland PLC
Aleksanterinkatu 30, FI-00020 NORDEA
Tel. +358 9 1651, telefax +358 9 1654 2838
http://www.nordea.fi |
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OP Bank Group Central
Cooperative
Teollisuuskatu 1, POB 308, FI-00101 Helsinki
Tel. +358 9 4041, telefax +358 9 404 3703
http://www.osuuspankki.fi |
Sampo Bank PLC
Unioninkatu 22, FI-00075 SAMPO
Tel. +358 10 515 15, telefax +358 10 514 0051
http://www.sampo.fi |
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Skandinaviska Enskilda Banken AB
(publ)
Unioninkatu 30, POB 630, FI-00101 Helsinki
Tel. +358 9 6162 8000, telefax +358 9 171 056
http://www.sebank.se |
Suomen Asuntohypopankki LTD
Yrjönkatu 9 A, FI-00120 Helsinki, POB 509, 00101 Helsinki
Tel. +358 9 228 361, telefax +358 9 647 443
http://www.hypo.fi |
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Svenska Handelsbanken AB (publ)
Aleksanterinkatu 11, FI-00100 Helsinki
Tel. +358 10 444 11, telefax +358 10 444 2299
http://www.handelsbanken.fi |
Tapiola Bank LTD
Länsituulentie 1 A, POB 5, FI-02010 Tapiola
Tel. +358 9 4531, telefax +358 9 453 7001
http://www.tapiola.com |
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Home loan, Home Equity Loan, Home Improvement Loan, Home Equity Line
of Credit |
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