Dilema over encashing savings or taking a loan

POSTED BY Abhi ON November 4, 2012 7:50 am COMMENTS (2)

I am 41 years old and have been investing regularly for the past 6 years @ 10k in PF, 10K in three different MFs.

I am now facing a dilemma, I am buying a sec house (already taken a house loan for the first one) and am left short of cash of 7 Lakhs.  My question is do I go in for another house loan or do I encash my MFs?

Abhijeet

2 replies on this article “Dilema over encashing savings or taking a loan”

  1. Ashal Jauhari says:
    February 18, 2013 at 5:52 am

    Dear Abhi, what about your goals? Do you have enough money for other goals? After purchasing the house, what ‘ll be your financial situation in terms of assets & investments.

    thanks

    Ashal

    Reply
  2. Biswa Singh says:
    November 5, 2012 at 12:57 am

    I personally would not prefer a loan. Now you need to consider buying a house is better than MF or vice-versa. If you think your 2nd house could be better investment than MF in future then there is no harm in redeeming it.

    Reply

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