Buying a home and moving into it is a dream of many individuals and home loan is a viable option to make this dream come true. However, buying a house by means of home loans means payment of a hefty amount as down payment, as well as monthly outflow in the form of Equated Monthly Installments or EMIs.
Even if you can actually manage to pay the down payment by collecting from various sources, the monthly EMI is a new strain on your finances.
