Asked by vanvliet_stephen, Antioch, CA • Tue Jun 17, 2014
I currently have a rental home with a mortgage of about 66K with about 25 yrs left at 5.125%. The rent is $1100 with mortgage of $600.00. I believe this home is worth about 140K minimum. With this being the case, am I able to take money out to use towards a new home? I dont really have much saved except an emergency fund of about 5K.
In investing for future terms, I am 27, plan to hold on to this first home for the long run. Would this be a smart idea?
Thanks for your time,
Real Estate in Alameda
Popular Categories in Alameda
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!