I live in a house that have a share of my brother. I want to pay my brother share in cash by taking a Home loan. The house is in name of my father.
Now I am confused & blank about thinking that whether I should make a Gift Deed or Sale Deed for transfer of Flat from my father's name to my name, so that I can mortgage same of acquiring a mortgage loan or Home Loan.
Home Loan is more beneficial to me, as I get Interest on Home loan exemption on Income Tax & I would also be able to get Pradhan Mantri Awas Yojana Subsidy. I an in problem of loosing my house. Pls help me.