How do you prepare a budget? Analyse your current financial situation to determine available resources. You need to answer questions such as, how much cash will you have at hand for a down payment? Also, you would want to know the quantum of housing loan you would be eligible for? After all, how many of us can buy a house today without a housing loan? The housing loan amount will be the critical factor determining your budget. Want to guage the actual quantum of loan the bank will provide you with? Look for 'pre-approved' housing loans.
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