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Reply to "How to swing a move to a move up house?"
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[quote=Anonymous]Thanks everyone. OP here. We have rented the house out in the past, when we were abroad for a year, so have a sense of what's needed to do it. I agree that $1000 isn't that much to clear-- it is above insurance and taxes though-- but it's just what we could get today. The spread will grow, and the main goal would be to hold on to the house as an asset. My thinking is that it will continue to appreciate, the rent rate will continue to rise, we will continue to pay down the mortgage, and it could be a good investment for us. (If we keep it as a rental, we could probably skip some of the upgrades of the things that bug me as the owner.) But-- to do that we do need to figure out how to finance a new place. I appreciate the ideas. For 14:36, who got the VA loan, did you need to bring a lot of cash to the new place as a down payment? We are members of a federal credit union-- I wonder if they would also have some options available. [/quote]
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