Buying a home is a dream for everyone. With home prices rising exponentially, it has become difficult for buyers to afford a house on their own. A home loan becomes a big facilitator in such a situation. A home loan enables you to afford a house, which otherwise you would tend to miss. A Home Loan is a loan taken to acquire a property or to construct a house. Home loans are also available for home repairs, home improvements, and renovations along with addition of a new built-up section to an existing home. Banks and financial institutions give home loans. You should consider certain factors before zeroing in on a home loan. Some of the these factors are discussed here for your reference- Rate of Interest - It is the most crucial factor to consider while taking a home loan. The lower the interest rate, better it is. Lower interest rate reduces your monthly EMI payment, which in turn is pocket friendly for you. A lower interest rate ensures that your payment towards