Loan Can Fund Your House Extension also
Added: (Sat Jan 12 2019)
Pressbox (Press Release) -
Loan can fund your House Extension also; you have the option of building your dream home right at the Starting, so that your growing family can be accommodated easily as time goes by. This would entail a large initial investment at an early stage of your career, which might not be feasible due to financial constraint or it could even be imprudent given the opportunity loss in other investment assets. A better option would be to extend your home as and when the need arises.
Home Renovation Loans are an ideal option for those who want a bigger house without having to change their home. They facilitate a fine balance between affordability and convince as you can extend your home as and when needed, rather than block your capital in a bigger home right at the beginning or compromise on your living space. Home extension loans are disbursed with very less documentation against the security of your existing home. The loan can be availed from the same Home Loan provider from where you availed the home loan or you may choose a new lender. The loan is granted for a specified tenure, as in case of a Home Loan, and you can repay it in easy monthly instalments, popularly known as EMI. The maximum amount of loan that you can avail would be between 75% and 90% of the construction estimate, depending on the approximate cost of construction.
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