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Money and Finances
Reply to "cash out roth IRA, 41K or sell house first ?"
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[quote=Anonymous]I am OP; The house's value is the same as 6 months ago. But if we need to sell fast, we have to lower the price & we have to subtract 6% fee. We got the loan for less than 1/3 the value of the house. Equity is more than 500K. If you don't have a job, you can not get equity out. Is it right ? If we rent out, the rent out the rent price is about 4K but our mortgage is only 3K. So we can have 1K extra from rental but we also need a place to stay ! Great idea with rent out the house but we can not fix anything in the house :-( if tenants ask us. We don't have extra room(s) to rent out unless we all move to one bedroom. My husband is in computer field. We don't know how hard it will be to look for new job. Lot of jobs in computer field require clearance. I have learned to save but I am not sure how to cash out the best way in case we need the money.[/quote]
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