It can be a big decision to purchase your dream home or may be one that fits your budget. You need to consider several factors before purchasing the home. You need to determine the total loan amount you will be requiring for purchasing the home and be sure to include the processing charges as well as the other expenses associated with home purchase such as the stamp duty costs. You can do some research perhaps online and do some comparison shopping. The terms and rates offered by various institutions are affected by your personal situation too. The rates may depend on the total amount borrowed, collateral used if any, size of the down payment and the tenure of the loan.
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