New Delhi, July 23 -- Are you looking to buy a house? A house purchase is one of life's biggest financial decisions, and following the core principles of sensible home buying can help you avoid common pitfalls and long-term challenges.

A well-structured home loan can convert the dream of homeownership into reality. Before applying, borrowers should carefully assess their repayment capacity, loan structure, monthly EMIs, and existing financial commitments.

Many buyers chase either the highest loan amount or the lowest EMI. But the lowest EMI does not always translate into affordability or borrower-friendly terms.

Key factors such as loan tenure, interest rates, down payment, and additional expenses determine the true cost of borrowing a...