Buying a home is the biggest investment for most people in India. Nevertheless, several of them ask, What is the best time to invest in a home?. In the early days, people thought about buying a house when they were 45 years or above and their finances stabilized. Situations have changed today, and people have banks offering lenders at the most competitive interest rates. Moreover, they are also aware of the long tenure, easy EMIs and tax benefits, which induce them to enter into a long-term financial commitment.
In the event home loans are often available with several advantages particularly the fresh new versatile repayment options, restrict capital up to 90 % of the cost of this new property, limited paperwork, etcetera., what is important that you meet with the mortgage eligibility standards. (more…)