New Delhi, July 12 -- Are you planning to purchase a new home? Have you planned your home loan EMIs in advance in accordance with your monthly income? These are some fundamental questions that must be answered first in order to avoid a difficult-to-manage home loan.

Furthermore, it is a given that owning a new home is a dream for many across the country; still, stretching yourself financially to purchase a bigger, more expensive property can eventually complicate your finances and cost you dearly. This is because excessively high Equated Monthly Instalment (EMI) can reduce your financial flexibility, peace of mind and affect your long-term wealth creation. It can also force you to take a top-up loan or an entirely new loan to manage a di...