Looking For A Home Loan After Retirement? 4 Things To Consider
Securing a house loan post-retirement can be challenging. However, here are a few tips that could help senior citizens in the loan approval process.
Securing a house loan post-retirement can be challenging. However, here are a few tips that could help senior citizens in the loan approval process.
One can continue to reside in the property and the loan, along with the interest gets repaid when the house is sold off after their demise or they choose to move out of the house.
Section 80EE of the Income Tax Act allows deductions on the interest paid on a home loan.
Senior citizens can considerably improve their chances of securing a home loan by implementing a few key strategies.
Explore ways to use your annual bonuses for financial growth and security in retirement—from debt repayment and emergency corpus to skill development.
Unlike a traditional mortgage, which uses the home as collateral, a reverse mortgage allows the homeowner to retain ownership while the loan continues.
Life insurance is an important risk mitigation tool for most people, but is it also essential for seniors? Well, every senior may not need a life insurance cover.
Unlike people in jobs who have a regular income and growth, freelancers or self-employed individuals have an erratic income. So, freelancers need to plan their retirement very carefully.
Loans are invariably tied to your earning capacity. So, how do you get a loan when you are no longer working and have no professional source of income?
One has to forgo various tax deductions if opting for the new tax regime, such as interest on a home loan under ‘Income from House Property’. However, there are still a few deductions that you can claim. Here’s a list of those deductions
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