It can be quite challenging buying a second home, especially if you are still servicing a loan for the first. We list a few questions you need to ask yourself before taking the plunge.
Buying property in India is considered to be one of the best investment decisions one can make. Property normally appreciates in value, and it is quite liquid in terms of raising funds against it in times of financial need.
But after buying your first home a few years ago while borrowing a home loan to do so, you now chance upon a second house that you wish to buy. You are aware that your desire for the second house puts you in a precarious financial situation. And yet, your heart is set on the house and you decide to take another home loan to pay for it.
There are some important questions that you need to … Read the rest