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Real Estate
Reply to "Renting house on the Hill"
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[quote=Anonymous]Will you have a mortgage on your new home? If so, using the proceeds from selling your Hill house to reduce your mortgage principal is basically a guaranteed return at whatever that rate is (you can factor in the mortgage interest tax deduction if you want, but generally it's better just not to pay as much mortgage interest!), and that is probably better than what you'll get renting out your Hill house, with less risk.[/quote]
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