Buying a house is something everyone plans and dreams of throughout their lives. And many buyers who are ready to buy a house lack funds. These buyers prefer to opt for home loans, and lenders seek a 20 percent down payment for that. Since they lack money or have low income, making payments to these lenders can be difficult for people. After retirement, one can use his money to buy a house. But, is it a good idea to spend all the money you have earned with so much hard work all these years into buying a house? Employees Provident Fund (EPF) is a scheme under the government that helps members of EPFO to use 90 percent of their funds for making the down payments of their new houses. Under this scheme, a person can get a loan which is of the amount 24 times more of their wages. Employees…