Just because you have $50K in equity, it does not mean that you will clear $50K from the sale. By the time you consider 6% real estate commission, repairs, and the cost of moving, it is easy to throw away $20-$30K on a $250,000 home. It also means that you would not have a downpayment for the next house which means paying PMI on the new property. I understand the desire to have all debt paid off. Selling your home is not the best long term choice. Debra
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra