Going in for a home loan? Do some basic rudimentary research and try to get a loan that suits your needs perfectly. With so many new offers in the market from banks and financial institutions, you can really have your pick, because they are also competing to do business with good borrowers. Find a loan with the lowest outgo- do some research online, everything is now available at the click of a button, several websites are available where you can compare home loan policy rates, fees, etc.
Calculate the EMI, time period or the number of installments, processing fees and then compare and find a loan with the lowest outgo. Good and dependable customer service is very important, so choose an established and reputable lender, because you will be entering into a long term relationship with your lender. Find a lender who will process and disburse the loan in the shortest period and not make you run from pillar to post. Terms for foreclosure and early repayment should be made clear in case you decide to pay the amount at your earliest. [Read more…]