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The Power of Mortgage Guarantee-Backed Home Loans

With home loans, it becomes easier to buy your dream home without having to pay its complete cost at the time of purchase. But one of the common situations that people face is of getting a lower loan amount than required. However, with mortgage guarantee backed home loans (known as home loan mortgage insurance abroad), you can get higher loan amounts to buy a home of choice. Here is how mortgage guarantee (MG) is beneficial.

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The Power of Mortgage Guarantee-Backed Home Loans

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  1. The Power of Mortgage Guarantee-Backed Home Loans

  2. With home loans, it becomes easier to buy your dream home without having to pay its complete cost at the time of purchase. But one of the common situations that people face is of getting a lower loan amount than required. However, with mortgage guarantee backed home loans (known as home loan mortgage insurance abroad), you can get higher loan amounts to buy a home of choice. Here is how mortgage guarantee (MG) is beneficial:

  3. Help You Build an Asset You Will Own With MG backed home loans, buying a home, and thereby building an asset becomes easier. With higher loan amount received which is distributed into affordable EMIs, you can utilize your income to pay EMIs instead of paying rent.

  4. Longer Loan Repayment Tenure Means Reduced Stress Lengthier loan repayment tenure means a higher number of EMIs, which reduces the EMI amount you’ll pay per month. This means that you can be at peace and avoid stress while repaying the loan amount taken, and also plan better for it.

  5. Methodical Approval of Your Loan Application After you have gone through the documentation of home loans, your application is assessed by the lender (which is a lender partner with IMGC) to assess its viability. If approved, you will get the loan amount with better terms including higher loan to value, longer repayment tenure and others. Moreover, since this assessment factors in a lot many aspects, the chances of approval also take an upturn in many cases.

  6. You may have thought that it is not easy to get a bigger home loan amount, but with mortgage guarantee, it now is. The benefits of mortgage guarantee backed home loans are unparalleled vis-à-vis the home loan products available in the market today, and are helping many to achieve early home ownership.

  7. Contact Us Address : India Mortagage Guarantee Corporation (IMGC) 9A, DLF Cyber City, DLF Phase 2, Sector 24, Gurugram, Haryana 122002 Phone: +91-124-4654900 Email: info@imgc.com Fax: +91-124-421-8510 Website: http://www.imgc.com

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