New Delhi, June 14 -- Are you looking to buy a new house? Do you have a plan or method for your purchase? Have you decided on how you will manage your home loan EMI repayments?

These are among the most basic questions to answer before purchasing a new house. This is because purchasing a new house is one of the biggest and most decisive financial decisions most people make. As they decide on a place, budget and payment structure, they will follow to accomplish their dream.

Given that owning a house is a dream for many in the country, taking on a home loan that stretches your finances and makes repayments difficult to manage can lead to long-term stress and financial complications.

Missing home loan EMIs, delaying payments or defaulting ...