Im in a condo now and im about 70k under what i bought it for. What are my options for getting out of this mortgage and into a bigger place?Selling Condo and buying home?
Unless you are totally financiall secure I would stick where I am. Right now the economy is back and it is a buyers market but what if you loose your job or have health problems? What ever you buy will probably cost more. Do you have an emergency fund to take care of everything and is your job definitely secure. Those are a few things to htink about. Just my opinion.....Selling Condo and buying home?
u have few;
a; see if the lender will put a moratorium on your payments till the
values go back up.
b; find an investor and sell part of the house to them.
c; see if you can swap your [original value] equity to someone
else for what they have that you want--someone who has
a house with a mortgage you can afford.
None, unless you can cover the difference.
Subscribe to:
Post Comments
(Atom)
No comments:
Post a Comment