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What is the advantage of a home loan?

April 26, 2017advantage home loan

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What is the advantage of a home loan?

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Ans. A home loan is a residential mortgage taken by an individual or family who wishes to purchase a piece of real estate in the form of a house, apartment, condominium, villa or a row house. Housing loans can also be obtained for building a house, repairing or renovating the interiors of an existing house. Home loans are easily available and are categorized into various interest rates, as per the borrowers needs and repayment capacity.