10 ways To Save Money While Taking A Home Loan


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Home loans, especially when you are in cash crunch, are a safe option at your disposal to buy a home. However, you should always look at the features of home loan and check details before choosing a specific home loan. Here are 10 important tips that can help you save money while taking a home loan

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  • Interesting presentation about Home Loan and useful tips from CommonFloor . As well you will get the comparison of various banks home loan interest rates from BankBazaar.com
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10 ways To Save Money While Taking A Home Loan

  1. ways to save Money while taking a home loan
  2. Home loans are one of the safest options to buy a home
  3. Always look at the features of the home loan and check details before choosing a specific home loan
  4. Here’s 10 ways to save money while taking a Home Loan
  5. #1 Go for a Low Interest Loan
  6. #2 Choose Floating Rate of Interest Over Fixed
  7. #3 Keep a track of interest rates trends
  8. #4 Get waivers on your loan processing fees
  9. #5 Increase your Down Payment
  10. #6 Don’t pay pre-payment penalty
  11. #7 Carefully read through ‘force majeure’ and reset clause on fixed rates.
  12. Do you have more questions? Ask our Real Estate Experts
  13. #8 Try to make a pre payment as it brings down debt burden considerably
  14. #9 Compare loan transfer charges if you are planning to transfer the loan
  15. #10 If you are going to top up your home loan , check the additional charges you need to pay to get the loan processed
  16. Join us for a #TweetChat this Friday to get all your Home Loan queries answered by an Industry Expert. When : 25/4/2014 Time : 3:00 pm - 4:00 pm Hashtag : #HomeLoanTalk
  17. Want to read more about home loans? Check our exhaustive knowledge base
  18. CommonFloor.com is India's leading property search portal. On a mission to make property search hassle-free, transparent and fruitful; CF has best of breed property search on maps, property search mobile apps and an extensive section for knowledge resources and advice in real estate.