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House Advise

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Keisha Guest	Posted: Sat Jan 09, 2010 6:30 am    Post subject: House Advise Like 0 Dislike 0 I purchased a house in 2007 and I am ready to move out and purchase another home. This house is too small, and I can get a really good deal on a house right now. I will be purchasing the new home through a program in which you can't already own real estate. The current interest rate is 4.62%, which mean I can get more house for my buck. My current house don't have any equity in it at all. What are my options to get rid of this house without having to come to the table with money. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
adonis Joined: 22 Oct 2005 Posts: 10242 Location: ALASKA 1042.50 Dollars($)	Posted: Sun Jan 10, 2010 11:20 pm    Post subject: Like 0 Dislike 0 Hi Keisha, You'll have to list the property in the market and check out if you can get buyers for it. Once you sell off the property, you'll have to clear off the mortgage dues. If the property sale does not help you in paying off the sole mortgage, then you'll have to pay the deficient balance from your pocket. _________________ Procrastination is the enemy of your financial success

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