As an NRI residing in USA, I was wondering if someone could offer advice on the best loan option for NRIs? I guess it boils down to 2 options:

1. Take an unsecured personal loan (currently around 9%), or secured (home equity) loan (currently around 8%) in USA.
Pros: Lower APR %, interest on home equity loan is tax deductible, can manage the loan payments conveniently.
Cons: None I can think of.

2. Take a home mortgage loan in India (currently around 12%).
Pros: The builder could possibly assist with the loan paperwork.
Cons: Higher interest rate, several hidden fees (amounting to another 2% or more)

Please let me know if I'm missing anything.
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