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Real Estate
Reply to "WWYD? Rent out townhousevor unload it. "
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[quote=Anonymous]You'll also need to figure out what mortgage you'll be approved for - I dont know personally, but believe that you have to qualify for both your TH mortgage and your new house mortgage, since you dont have a history of the rental income, that won't be taken into consideration. Your $80k in savings will help with that (assuming you'll use a good chunk of it for a downpayment), but you'll ave to run the numbers (i'd be curious what you find - we're in a similar situation and are probably going to cut our losses)[/quote]
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