I am 24 year old,Recently completed Post Grad.and joined with initial start of 15K , stays in a rented flat where already rents are high !! in my family my mother and a sister is there ,They stay in our independent House in another city.I have no other loans or anything...rather than satying far from family now i want ma family also with me,But rather than paying Rent i would prefer to pay EMI,as Property will retun profit too..!! and that will somewhat reduce the total monthly cost as we will stay together....!! Now my question is..if i target a 1 BHK flat around 12 - 16 lac...by paying 3 - 4 lac downpayment and rest as loan...where my objective would be investmet and saving as after 2 4 years i ll be looking for a bigger house...what would be better idea either get some experince and wait till i get good growth in job and go for "HL for Salarised Employee" or can i take the HL on my Exsisting House,kind of mortgauge.
