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Home loans. Home loans, or mortgages, are available to help people finance their homes. Conventional mortgages usually require the borrower to have a down payment for 20 percent of the purchase price.
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Home loan shoppers will have a new product to opt for come July 1. The State Bank of India will introduce a product where the interest rate is linked to the repo rate of the Reserve Bank of India..
For the last several years, much of the narrative surrounding the housing business (and HousingWire is just as guilty of this as anyone) has been focused on the digitization of the mortgage and home.
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