Before You Make a Move: Weighing It All Out!
Posted by Billy Peshke on
Deciding when to move can be a tough decision. If you are thinking about moving, consider the following:
Length of time living in your next home - Would you be there long enough to recoup the initial costs of moving, such as the down payment, closing fees, and moving expenses?
Mortgage penalties – Try to align selling with when your mortgage is up for renewal to avoid a penalty, or negotiate it with your lender. You may also have the option to port your mortgage and take on a blended rate combining your old interest rate with the new one.
Your job situation – If you don’t have a secure job this could be an obstacle with a lender.
Non-monetary costs – Would you be moving mid-way through your child’s school year, or would they have to…
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