POSTED BY October 6, 2013 10:39 am COMMENTS (6)ON
I am finding it difficult to ascertain what is financial prudence.
I have ready cash of about 20 lakh. My current home loan is also 20 lakh for a flat which gives me Rs 10000 as monthly rental. I can repay the loan or part pay the loan or take another 10 to 15 lakh as loan and build another property. I am not able to decide, can any one help with numbers and logic and demonstrate what is a better decision.