Other Hidden costs in home loan you are not prepared for! Getting a home loan may seem the easiest as there are many institutions and private brokers lending money as loans for purchase of flats and also the procedure has been made quite easy. How can we come up with the figure of loan amount to be applied for. Will it be the total value of the flat or will we get the flat ownership by paying loan amount are few simple questions that we are unaware of. Usually we feel that we can apply for a loan and purchase a new flat, but this is not so. Banks and financial institutions only give a certain percentage of the loan amount and not the total amount. Usually they may give maybe 70 to 80 percent sometimes even 90 percent considering your past financial record. The amount to be prepared for, prior to the application of loan, is termed as down payment which the purchaser has to pay before applying for a home loan. Deciding on the amount to be taken as loan is an important decision as the bor...