Pavitra received Rs. 3.5 lakhs from the sale of a family property in her native place. She has a housing loan of Rs. 30 lakhs for which she is paying a monthly EMI of Rs. 35,000. She has completed 2 years of the 7 years of the loan tenure. Pavitra is thinking about repaying a part of the loan with the entire inheritance amount while her husband is of the opinion that they must invest a part of it for their children's education in mutual funds or equity shares.
Often, these complex decisions...Read more:Home loan payoff or investment – Which is a smarter move?
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