Buying a house means spending hours days looking for a suitable property, doing background checks and finally scouting for the best deal on a home loan (unless you have loads of money to pay for the house without taking a mortgage).
Comparing best home loan rates of various lenders is not enough. How do you ensure that your home loan does not turn out to be too expensive over the duration of the loan?
Interest rates depend on various factors, including availability of money in the market (liquidity), inflation and monetary policies. If you opt for a floating rate loan, your home loan instalments will keep changing with fluctuations in interest rates.