Скачать или смотреть 10 Things To Know Before Taking Home Loan | Home Loan Tips | Finsherpa

For most people, buying a home is the biggest financial commitment. Here are the 10 important things to know before you get into the commitment of paying the loan for 15-20 years.

1. Check your ability to repay.
2. Always choose long-term (15 - 20 years).
3. Borrow as much as you need, not as much as is available.
4. Pay your EMI on time.
5. Secure your family with insurance coverage for your loans
6. Choose a lender that best suits your needs.
7. Always keep your family informed about your loan.
8. Don't take on too many loans.
9. Read all loan-related documents carefully.
10. Take home loans at the early stage of your career.


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Time stamps:

00:00 Intro
00:17 10 things to remember while taking a home loan
00:39 Check your ability to repay before you look into borrowing
01:04 The 28/36 Rule
01:55 Loan Amount
02:06 You can get a loan up to 20/25 yrs, so look long term
02:23 Ideal Tenure (15-20 yrs)
02:52 Borrow as much as you need, not as much as is available
03:28 Pay your EMI on time
04:10 Secure your family with insurance coverage
04:36 Choose a lender that best suits your needs
05:45 Always keep your family informed about your financial assets and liabilities
05:59 Don't take on too many loans
06:29 Read all loan related documents carefully
07:13 Take home loans at the early stage of your career

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