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re: Mortgage Question
Posted on 4/21/12 at 2:16 pm to Ric Flair
Posted on 4/21/12 at 2:16 pm to Ric Flair
Also...the land contract price they are paying is $19,000 total. In the event of building a new home they would likely sell the current house for $30,000, pay off the land contract, and use the remainder towards the new purchase.
Posted on 4/21/12 at 2:27 pm to wvubrandon
quote:
they would likely sell the current house
The new house would be their primary residence if it would be the one they would be living in.
I agree with the 15 yr mortgage being the route to go right now with rates where they are.
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