Buying a house is the biggest dream of one’s life and requires careful consideration. If you are someone who is looking to take out a home loan to purchase your dream house then you must know about the home loan rate of interest. It helps you to decide how much extra you need to pay in addition to the principal amount. In simpler terms, it is the cost of borrowing money from a lender to buy a house. The rate of interest for housing loan differs from lender to lender with other factors involved.
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