Buying a home is one of the biggest financial decisions you will make. Here are 5 things you must check before signing on the dotted line.
1. Compare interest rates
Even a 0.5% difference adds up to lakhs over 20 years.
2. Read the fine print
Watch out for processing fees, prepayment penalties and conversion charges.
3. Check your CIBIL score
A score of 750+ unlocks the best rates.
4. Plan your EMI
Keep total EMIs under 40-50% of monthly income.
5. Insurance
A term plan covering the outstanding loan protects your family.