For the first time home buyers, the real estate scenario appears to be conducive enough to take advantage of the available deals and offers. From credit-linked subsidy available on Pradhan Mantri Awas Yojana (PMAY) scheme to sub-7 per cent home loans to discount offers from builders, it’s all in the home buyer’s advantage. "This is the right time to own your dream home if you are an end-user, as the property prices are relatively subdued and the home loans are available at the lowest interest rates," says Manish Sheth-MD & CEO, JM Financial Home Loans.
If you have already identified your home and looking for a home loan, there are a few tips that may come handy to you. These home loan tips will help you get not only the best interest rate but also keep the overall interest cost low till the end of the home loan tenure.