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My wife and I have $310K left on our 6.3% mortgage — but we plan on selling within the next 3 years. Should we pay off the house aggressively or invest the extra cash instead? ... 6.3% mortgage ...
Many lenders specialize in originating a mortgage, but often, this initial lender can’t afford to wait for 15 or 30 years for you to pay it all back. By selling it, they no longer have to keep ...
Tax implications of selling a house after 2 years When deciding whether to sell, you’ll want to consider the potential tax implications as well. Selling before the two-year mark can be costly.
But mortgage rates in the 6% to 6.2% range this year were enough to spur an increase in buying and selling, and those levels remain possible next year. Read more: Why are home prices so high?
The net return to the owner varies between developments but is typically between 4% and 6%. This compares very favourably with a typical 20 year fixed rate mortgage of around 3.75%, and variable rate mortgages which are lower. It can be seen how the rental income can be used in respect of the mortgage payments.
Yes, you may qualify for a mortgage after a short sale, depending on the loan program you select. FHA loans are worth considering for credit-challenged borrowers once the three-year waiting period ...