Buy your dream home now
Experts suggest that investors willing to buy residential properties should not wait. It is better to invest at current levels. The inflation rate is ruling at quite high levels (above 11 percent) and is expected to remain high in the short to medium term. This means the rise in input costs of properties will continue and builders will be forced to raise the property prices in future. Also, home loans attract income tax incentives for the borrowers. This means it is good to invest early in property. However, investors should factor in some variables while going in for a home loan. As a home loan is a longterm commitment from the borrower, it requires proper financial planning. Typically , a home loan tenure is 15 to 20 years. Some factors to consider while availing a home loan: Scheme First of all, a borrower needs to decide on whether to go in for a fixed or floating interest rate home loan. Usually, the rate of interest is 1-1 .5 percent higher in fixed interest rate options. Borrow