How exactly do people manage to move to bigger and better houses ?
I bought my house 15 years ago and have 10 years remaining on the mortgage.
There is a lot of equity in the house (is now worth about 4 times what I paid for it) but when I asked a mortgage adviser, she said because I am currently not working (although my partner who hasn't lived here as long as I have is), there is nothing I can do to improve my circumstances.
However, I know of many people who seem to be able to move upwards, even though their income stays pretty much the same.
Surely, all the equity I have stands for something ?
2007-06-13
02:04:20
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3 answers
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asked by
Anonymous
in
Business & Finance
➔ Renting & Real Estate