If you are planning to take housing loan to fund your new home, so it is suggest to do proper research before reaching to bank because as we all know that here are a lot of banks as well as financial companies in market and they all have different polices and interest rates, so while taking the housing loan beware to avoid any kind of trouble in later stage. The only negative aspect of the home loan is the fact that the bank gets an ownership of the existing loan and if the borrower is unable to pay the installment of the home on a timely basis, so they will be free to recover money either selling or auctioning the house.