Shubham Housing Finance
Listing Description
When it comes to financing your dream home, we’ve got you covered. As a leading home loan provider, Shubham Housing Finance offers a range of loan options tailored to your unique needs. Our experienced team will guide you through the application process, ensuring you understand all the terms and conditions, making your journey to homeownership a breeze.
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What is an adjustable-rate home loan?
An adjustable-rate home loan, also known as a variable-rate loan, is a mortgage where the interest rate can change over time. The interest rate is typically tied to a benchmark index, such as the prime rate or the London Interbank Offered Rate (LIBOR), and can fluctuate periodically.
How is the interest rate determined for a home loan?
The interest rate for a home loan is determined by several factors, including the borrower's creditworthiness, prevailing market rates, the loan term, and the type of loan (fixed or adjustable rate).
What is the loan-to-value (LTV) ratio?
The loan-to-value (LTV) ratio is the percentage of the property's value that a lender is willing to finance through a home loan. For example, if the LTV ratio is 80%, the lender will provide a loan that covers 80% of the property's value, and the borrower needs to make a down payment for the remaining 20%.
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