Fixed is always better, at least you are aware that how much installment you have to pay at the end of month, there are no fluctuations in your monthly installment. For eg: PNBHFL is offering fixed interest rate @ 10.75% for period of 10 years while ICICI offers for 2 years, so point is for next 10 years you are secured. Floating interest rate is 10.50 so there is hardly difference of 0.25% One should always go with fixed when difference is not high
We bought a builder floor in charmwood village 4 years back. This property was financed from HDFC (90% financed 14,00,000 and 10% from our funds). This property was bought in four names: (my spouse) (myself) (my father-in-law) (my mother-in-law)
The loan was also in the name of all of us. All the EMIs are paid by my spouse from his account and he will continue to pay them.
My query is -
1. since the property is under 4 names, is it correct to assume that me and my spouse have only 50% ownership of the house.
2. In terms of rights, do my inlaws have a right to transfer their share in favour of their second son.
Just by including the names of additional people, do they become the owner.
3. This property is not yet registered. And the regisrty is on hold for builder flats now on haryana.
4. If the registry opens, can we get the property registered under one name instead of 4 names.
Pls help me understand my status/rights in terms of this property. I am extremely scared and fear any property disputes that may arise.
we are getting a new house through the builder and the house is in my mother-inlaws name. We are suppossed to given share to the rest of the brothers and sisters. We are going to take the new house. How do we get a loan for such type of case
Sir my builder has taken advance of 2.5 lakh 10 months ago for a flat but when i went for home loan i finded out that it was on illegal land and i didnt got home loan now the builder has returned my advance. My question is can i claim more money if yes then how much and can i log a complain against him in this regard ? '
