A home loan is one of the most convenient sources of revenue for homebuyers during house purchase process. However, there are some safety measures while applying for a home loan that an applicant must keep in mind and make one's housing loan repayment smooth and easy. According to the tax and investment experts, when a homebuyer is applying for home loan he or she should be able to do the downpayment of at least 20 per cent. While doing home loan calculation, they should also keep other EMIs in mind and not allow net EMI amount to go beyond a certain limit that can hamper savings, say experts.

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Speaking on the measures that can help a homebuyer to repay the home loan with ease, Jitendra Solanki, a SEBI registered tax and investment expert said, "A homebuyer should think of home loan only when he or she is able to do the downpayment of at least 20 per cent of the net value of the house property he or she is planning to purchase. One should use home loan calculator while applying for a housing loan as he or she might be paying other EMIs. In that case, a thumb rule is to keep all EMIs to the tune of 25 per cent to 30 per cent of his or her net take-home salary or income."

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On keeping the home loan period longer or shorter Solanki said that it depends upon the finances and cash flow to one's monthly budget. If someone has enough finance available that allows him or her to keep the home loan period shorter, one should do that, however, in the case of limited cash flow and EMI's limit going beyond 30 per cent of the net take-home income, then it's better to increase the housing loan period.