New Delhi, May 16 -- Are you looking to purchase a new home with your family? Have you planned the home loan, and how will you manage its repayment? Buying a home with family is often considered an emotional decision. This is because it brings stability and the enthusiasm of ownership.

Still, one should not get carried away while making long-term investment and borrowing decisions. You have to plan the entire home loan properly and also consider joint ownership to reduce financial pressure.

What you must factor in is that shared ownership can help address your financial challenges, boost loan eligibility, and help the entire family navigate major challenges and invest in better or bigger properties.

Still, without sensible planning, cl...