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SVTPerformance's Chain of Restaurants
Road Side Pub
buying the it home for us
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<blockquote data-quote="CV355" data-source="post: 16286524" data-attributes="member: 181885"><p>Every dollar you take out of equity during the sale of your current home, you are paying back in the form of mortgage interest. At current interest rates, it's almost dollar for dollar. And you're starting over with a new amortization schedule to boot...</p><p></p><p>As long as the inspector does a decent job, and you don't see any immediate major costs, I'd say leave the money as equity. Though, up your way, houses are built far better than the garbage they slap together down here and call a "house."</p></blockquote><p></p>
[QUOTE="CV355, post: 16286524, member: 181885"] Every dollar you take out of equity during the sale of your current home, you are paying back in the form of mortgage interest. At current interest rates, it's almost dollar for dollar. And you're starting over with a new amortization schedule to boot... As long as the inspector does a decent job, and you don't see any immediate major costs, I'd say leave the money as equity. Though, up your way, houses are built far better than the garbage they slap together down here and call a "house." [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
buying the it home for us
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