Prajna Capital - An Investment Guide

Construction loan There are many varieties of home loans. Home construction loan or home loan is the most common one. This is given by the lender for the purchase of a house. Home improvement loan If a homeowner wants to undertake repairs or home improvements, he can approach a bank for a home improvement loan. He can undertake the repairs and renovations with this money. Plumbing, painting, electrical jobs and wood work come under this category. Site loan This loan can be availed for the purchase of a site. Some banks insist that you construct a house on it within a stipulated timeframe. Balance transfer loan This helps you pay back an existing home loan that charges a higher rate of interest, and avail a loan with a lower rate of interest. Bridge loan Some people sell their house to purchase another one. A bridge loan helps finance the new home, until a buyer is found for the old one. If you need money for home improvement, extension or for purchase of a piece ...