For some rudimentary calculations you can always turn to the free internet mortgage calculator, which will tell you the basic amount of money that will be demanded as a mortgage interest due. Such websites will ask you the date of the mortgage and the interest rate. Once you have entered the data all you have to do is to fill the scroll box, to specify whether you want to include the yearly and the monthly payment towards the amount borrowed on the mortgage property. But, if you need some sound calculation to be done with some extra tidbits to be known, then you have to go for a paid service. One type of home loan that are currently available in the banks is the home purchase loans, as the name spells it out; the loan is to enable people to buy their own home. This type of home loan comes under the home equity loan, the other kind of home loans are the home improvement loans, home construction loans, home extension loans and finally land purchase loans.

There are umpteen numbers of banks where you can apply for the home loans, but the heartening fact is that you will be able find a wide variety of interest rates on which the home loans are lent. First lookout for some common issues which have a big impact on your credit score. Do not ever try to be so time-saving kind of guy; it will often fail you than providing success. Try to see whether all the closed accounts have been reported as closed; if they are not then you have a great chance of improving your credit score by credit repair. This might sound like a small error but it is not, it will have a huge impact on your credit reports, which in turn affect your credit scores. To use a free credit report given by a company through your request on line, you have to check the integrity of the company giving you the free credit report. This can be done by requesting the legal financial companies working with them to work out the credit report. In addition to the free credit report some of the internet sites will also give your credit score. Credit score will tell you how good you were in the past with your bank. This credit score will reflect your capability; if you happen to be a bad borrower then it will show in your credit score. 
 

Construction industry in India is highly fragmented. There are number of unorganised players in the industry which work on the subcontracting basis. Construction activity being labour intensive, construction companies have been focusing on mechanisation over past few years. Consequently, growth in quantum of labourers required has declined from 1.6% in FY 04 to 0.9% in FY 08. Mostly all projects in Construction industry are working capital intensive.

Construction industry expected to witness effective investment over Rs. 10,000 bn during the 11th five year plan Construction is the second largest economic activity in the country next to agriculture. With its backward and forward linkages, Construction industry has generated employment for 33 mn people in the country. In FY 08, Construction sector contributed about 8.5% to the country’s GDP. Over past 3 years, construction as a percentage of GDP has increased from 8.0% in FY 06 to 8.5% in FY 08. The multiplier factor between growth rates of construction and GDP has been about 1.5X-1.6X.

Construction project can be materialised through number of small contracts which mainly depend upon size of the project and diversified nature of activities to be carried out in the project. As a result, subcontracting is a common phenomenon in the construction industry. Some complex infrastructure and industrial projects call for specific expertise which a single contractor may be inept to execute. As a result, industry is witnessing rising joint ventures which help contractors to share professional and technological expertise.

Cost structure of the construction industry is dominated by raw material cost and subcontracting cost. Raw material cost which is the major cost accounts for 30-50% of the total cost and subcontracting cost accounts for about 20-40%. Cost structure of a particular construction company also depends on its order mix. This is because construction projects from different sectors require varied level of raw materials and subcontracting work. Major raw materials consumed by construction industry mainly include cement and steel. Almost all domestic cement consumption is attributed to the construction industry.  Steel requirements of the construction industry prominently includes long products like reinforcement bars/rods, structurals and galvasnized steel. Consumption of steel by construction industry has grown of 16.1% over past 5 years whereas cement consumption has registered  of 9.6%. Unprecedented rise in prices of these two raw materials has a direct impact on the cost of the project and in turn margins of construction companies. Profitability also depends upon the diversity of the projects a company can execute. Companies having strong presence in segments like power and industrial segment which are complex to execute, tend to enjoy higher margins.

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