It can be tough to fix your home loan deal unless you know some important financial details about the same.
Check around: Do your own little research about home loans with banks as well as on the internet. Talk to more than one bank to gauge the market before taking the plunge.
Take help from the bank: If you are stepping into the region of home loans for the first time, it is important to visit the bank and ask for all the details. The authorities there can provide you with important information about the bank’s future plans too.
Plan ahead: Draw out a detailed roadmap. Take help from your financial advisor to check the rate of interest (whether fixed or floating) and the tenure of the loan.
Check the EMI: Before signing on the dotted line, you need to ensure that the EMI is comfortable for your pocket. Work out the actual calculation of the EMI and then step in.
