Plan finances, bring down COST OF LOAN

This is the right time for prospective homebuyers to plan both investments and EMIs.

Come the financial year end and it’s time to plan finances again. Tax-saving investments, insurance policies and major purchases planned in the forthcoming financial year have to be budgeted accordingly. In most cases, a house is the most significant investment the average Indian makes in a lifetime—both in terms of value as an investment and asset for a lifetime. 
    Therefore, whether as an investor or end user, you need to put in considerable planning and thought while acquiring a house—and the best time to begin planning is now. Here are three major factors prospective homebuyers need to consider: 
Budget for home loan 
    A home loan takes away a significant portion of one’s disposable income every month for a long duration. Most go in for a long-term home loan, and this means setting aside a sizable portion of the monthly income towards the EMIs.
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