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Tips to prepare yourself for a home loan when starting up

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Tips to prepare yourself for a home loan when starting up

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  1. Housing Finance Companies

  2. Tips to prepare yourself for a home loan when starting up

  3. Everyone aspires to buy a house and rightly so. • However, before you go out for that home loan, it is important to indulge in a bit of self-reflection and prepare yourself. • 1) Find a loan that suits you - Whenever you go for a loan, do a thorough research. In almost every post I have harped on the need to conduct your own research on what type of loan will suit you, what schemes would fit your bill and which bank to approach. 

  4. 2) Do not have other debts - A home loan is often a big amount and about per lakh in loan would mean about Rs 1000 in EMI. Hence, if you want a loan of Rs. 30 lakh, it would be give-or-take around Rs. 30,000 in EMI. Lookout for housing finance companies are different. 3) A look at those credit cards - Many do not realize that credit cards are a part of debt you owe. Many go on adding credit cards to their name because a bank is offering them.

  5. 4) Some stability - Try and achieve some level of stability in your business. It is no use piling on debt if you are fighting a battle to run your company. As ambitions soar, I often find youngsters rushing to buy a house without giving much thought. [Source: http://economictimes.indiatimes.com/small-biz/money/tips-to-prepare-yourself-for-a-home-loan-when-starting-up/articleshow/53783720.cms]

  6. Follow us on : https://www.facebook.com/HDFCHomeLoanExperts https://twitter.com/HomeLoansByHDFC https://www.youtube.com/user/hdfcltd https://www.linkedin.com/company/hdfc?trk=top_nav_home

  7. Click to know more on Housing Finance Companies: https://www.hdfc.com/ Thank You…

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