Dear Sir,
1. I (net salary 40000) want to take a home loan (around 9 lacs) as a co applicant for the renovation of home which is in the name of my mother. And the emi (apx.rs 10000) will be paid thro my account and compensated by the rental income (apx.rs 10000).
2.I want to buy new home within 2 years for myself and dont want to affect because of already having home loan at that time.
3.Or should my brother(net salary 12000) take loan as a co applicant for my mother.
3.Please suggest me the stratergy for this.