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Too little info
Posted by nwas (more from nwas) on Fri, 27 Jan 2012 08:18:37
In Reply to: Mortgage Advice, SS, Thu, 26 Jan 2012 10:01:03
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How long are you planning on staying in the property?
Figure out the cost until you move out. Go for the lowest final cost and maximum final paid of house cost. Net the two and try to come out ahead of where you will come out in the current scenario.
Other factors include whether you can cover the current payment or you really need to lower your payment at the cost of paying longer/paying more overall.
If you don't know how long you will stay, do what we do in business: make your best estimate. Plan from there.
posted by 173.76.11...
Posts in this Thread:
- Mortgage Advice, SS, Thu, 26 Jan 2012 10:01:03
- Whatever you do, work with more than one person, vvk, Fri, 27 Jan 2012 08:51:52
- Too little info, nwas, Fri, 27 Jan 2012 08:18:37 <-- Viewing This Message
- I'm a mortgage loan originator, Tim, Thu, 26 Jan 2012 18:06:26
- just reread this..., James, Thu, 26 Jan 2012 12:16:05
- Re: Mortgage Advice, vvack0matic , Thu, 26 Jan 2012 11:42:12
- Re: Mortgage Advice, Acc, Thu, 26 Jan 2012 11:01:09
- How long do you plan to live there?, Bill Homer , Thu, 26 Jan 2012 10:56:12
- Re: Mortgage Advice, James, Thu, 26 Jan 2012 10:34:59
- Re: Mortgage Advice, Gene N , Thu, 26 Jan 2012 10:18:54
- Re: Mortgage Advice, SWEDECAR , Thu, 26 Jan 2012 10:17:33
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