What options do I have?. If I rent still I'll have to pay a lot for difference between rent and mortgage.
2007-12-02 05:55:44 · 4 answers · asked by edduyn 1 in Business & Finance ➔ Personal Finance
In the place that you pay a mortgage, you can contact a realtor and have this place rented out. If you plan on keeping it or selling--the monthly rent will cover your costs--
I know someone who bought a home in FLA because the costs are so low now. However, they couldn't afford a mortgage in both places. All has worked out---the place in FLA was rented out.
2007-12-02 06:03:11 · answer #1 · answered by Seablanco1 6 · 2⤊ 1⤋
If you are being relocated by your current employer, or even by a new employer, they often offer relocation assistance to cover EXACTLY this issue. Start by asking your employer about this type of help. Another option is to reduce the asking price of your current home in order to sell more quickly. Even if you can't get enough to cover the mortgage, a loan for the difference should have lower payments than your mortgage.
2007-12-02 07:14:05 · answer #2 · answered by STEVEN F 7 · 0⤊ 2⤋
Rent your mortgaged house for at least as much as you have to pay in rent.
2007-12-02 06:03:42 · answer #3 · answered by Corinne L 2 · 0⤊ 3⤋
The house you own---rent it out.
2007-12-03 12:44:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋