Tips to prepare yourself for a home loan when starting up

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Housing Finance Companies
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Tips to prepare yourself for a home loan when
starting up
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• 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. 

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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.
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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.indi
atimes.com/small-biz/money/tips-to-prepare-yoursel
f-for-a-home-loan-when-starting-up/articleshow/537
83720.cms
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