Typically, 10-20% of the home’s value is needed as a down payment. The exact amount can vary based on lender requirements and loan type.
Understand the types of home loans, interest rates, EMI, tenure, and eligibility criteria. Compare offers from different lenders for the best deal.
Factor in the down payment, monthly EMIs, property taxes, insurance, and maintenance costs. Ensure these expenses align with your income and savings.
Yes, account for stamp duty, registration fees, GST (for under-construction properties), broker fees, and interior decoration costs.
Extremely. A high credit score can get you lower interest rates on home loans and better terms. Aim for a score above 750.
Fixed rates remain constant, offering predictability. Floating rates can vary with market conditions, sometimes leading to lower costs.
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