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@sarahhh Yes she can. Her opinion is to buy the house and live until her daughter's education and to save more till then. With two ppl earning and the increased cost of this house which she will buy in future, they can switch to a better place and better home.

@gracenotworks Never heard of something like this. Actually what I have mentioned of 17L is a flat of 1 Bhk

@gracenotworks House within 10L, how's that possible. She lives in Delhi btw.

@avoiceof1 She has some students who come to her house for 1-2 hours but her house is small (1 bhk of around 40 sq. Yd.) So she can't host many students there in one go

@avoiceof1 Chances of her getting a home loan is pretty low as her earning is unorganised. Her knowns are not asking her to pay interest but she's in dilemma of taking this loan of 7L from them now and buy the house or to save more and then take something less than 5L from relatives. Ya I...

@seawolf1957 Selling gold jewellery as taking a gold loan will increase the loan amount. Btw what's your advice on this.

@athena31 So how should she approach the purchase of house. I agree on the part where you said, daughter will soon need educational expenses. Her opinion is that if she will buy the house with her savings + gold + loan from known ppl... Such that her house is free from any bank loan and bank...

@infinity25 Okay, will consider this. Will surely look into this and see if it is possible..but the problem in getting loan is her unorganised earning. Thanks from her side.

@lookintochat Yes around 12-15 K she saves. 6K Yes, like in tutions you can't be 100% sure but 95% her income is consistent with this 30-35. No they will not. Actually one of her colleague (who is a retired old man from govt. Teaching service, can help her. He treats her as his...

@nzgrills Firstly I wish you the very best ahead. Thanks for this advice,will look into this. Actually, she teaches at small coachings so every txn done there is in cash only and not regulated.

@cjones325 Thanks for the advice, but the rising cost of the houses are worrying her. Thanks from her side

I'm posting on behalf of my acquaintance (41 F ), she's divorced and live with her 14 yr old daughter. She moved out of a toxic marriage with 0 Alimony. Now she's earning 30K-35K P.M. and her expenses are around 20K. She has savings of around 4 Lakh and 5.5 L to 6L worth of gold. Currently...