I have recently seperated from my husband and am presently living with my parents. I wish to buy a house for myself. I have some savings and can afford a housing loan for the rest. But I need advice about two things:
1. I have investmentsin mutual funds which are much below their cost at present. Everybody says the stock market wont see levels above 20k for at least an year or two. Now if I need the money, should I redeem my units?
2. People keep talking on news channels that loan rates will come down. But won't that send up the property rates? Should I wait for the loan rates to come down before I apply for housing loan? Or should I make the most of the lull in property mkt ad get housing loan immediately?
I'll appreciate any response that comes. Please give your views on this.
Thanks n Happy Divali to all.
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