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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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Asahi Bank
www.asahibank.co.jp |
Sanwa Bank
www.sanwabank.co.jp |
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Bank of Tokyo-Mitsubishi
1251 Avenue of the Americas, New York, NY 10020-1104 (212) 782-4000
(212) 782-6415
nahq@btmna.com
www.btm.co.jp |
Citibank Japan
2F, 8F, 10F Yokohama First Bldg., 1-6-1 Kita-saiwai, Nishi-ku
Yokohama-shi, Kanagawa 220-0004
www.citibank.co.jp |
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Dai-Ichi Kangyo Bank
One World Trade Center, Suite 4911, New York, New York 10048, U.S.A.
1-212-466-5200 1-212-524-0579
www.dkb.co.jp |
Daiwa Bank
Level 18, City Tower, 40 Basinghall Street, London EC2V 5DE, United
Kingdom (020)7256-5661 (020)7256-5662
www.daiwabank.co.jp |
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Fuji Bank
Two World Trade Center,79th-82st Floors,New York,New York
10048-0042,U.S.A. 1-212-898-2000
www.fujibank.co.jp |
Sakura Bank
3-1,Kudan Minami 1-choume, Chiyoda-ku,Tokyo 100-8611
www.sakura.co.jp |
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Sumitomo Bank
3-2, Marunouchi 1-Chome, Chiyoda-ku, Tokyo 100-0005 81-3-3282-5070
81-3-3282-8654
www.sumitomobank.co.jp |
Bank of Saga
7-17,Aikei-cho,Saga City,Saga
sagabank@po.sphere.ne.jp
www.sphere.ad.jp |
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Akita Bank
www.a-bank.co.jp |
Tokai Bank
www.csweb.co.jp |
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Aomori Bank
www.a-bank.co.jp |
Bank of Yokohama
www.boy.co.jp |
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Chiba Bank
www.chibabank.co.jp |
Chugoku Bank
www.chugin.co.jp |
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Shikoku Bank
1-1, Minami Harimaya-cho 1-chome, Kochi 780-0833 088-823-2111
www.shikokubank.co.jp |
Industrial Bank of Japan
webmaster@ibj.co.uk
www.ibjbank.co.jp |
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Sumitomo Trust and Banking
www.sumitomotrust.co.jp |
Yasuda Trust and Banking
www.ytb.co.jp |
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Shinsei Bank
www.shinseibank.co.jp |
Chase Manhattan Bank
www.chase.com |
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ABN AMRO Bank N.V.
www.abnamro.com |
Barclays Bank PLC
www.barclays.com |
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Bank One NA
www.fcnbd.com |
National Westminster Bank
www.natwest.com |
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UBS AG e-customer center
P469-BFA P.O. Box 1032 4603 Olten Switzerland
www.ubs.com |
Japan Investment Banks
http://www.worldwide-tax.com/japan/japinvestbanks.asp |
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Home loan, Home Equity Loan, Home Improvement Loan, Home Equity Line
of Credit |
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