It is very obvious that almost everyone among us dreams to have his own home. In common circumstances your home is likely to be the largest purchase that you are going to make in your life. It is for the purpose of fulfilling this dream that you work hard in whatever profession you are. It is most likely that you would take a home loan for the purpose of buying the home of your dreams, but each month when you pay the instalments of your home loan as it is given in the loan statement it is likely that you do not think about how the amount is actually calculated.
It is very necessary they you understand how the interest rate of your home loan is actually calculated and to find out where and you are investing your hard earned money. One of the most popular methods of calculating the home loan interest rate is the various home loan calculators available online.