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Bloomberg Quint

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Image Credit: Bloomberg Quint

Taking A Home Loan? Here's How to Make The Right Choice

  • Taking a home loan is a practical solution to buy a dream home if you don't have the entire amount upfront.
  • Key factors to keep in mind while selecting a home loan include assessing your financial health, comparing lenders and loan offers, checking your credit score, factoring in additional costs, and understanding interest rates and repayment tenure.
  • Evaluate your monthly income, ongoing expenses, and existing debts to determine what you can afford and for lenders to review your application.
  • Consider improving your credit score before applying for a loan, as it plays a crucial role in loan eligibility and terms received.

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