Saving taxes through home loan

Are you one of those who are planning to save taxes through home loan . Do you know the answers for these.?
  •  Whether you can claim interest deduction and principal under 80c , if you have not got possession of your house?
  • Can loan taken from a friend or family be used for claiming deduction?
To find answers to these and a bit more , see this interesting article

http://www.jagoinvestor.com/2011/02/4-home-loan-facts.html
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