How early is too early to sell my house? I bought it less than two years ago but I need a bigger place. But I don't want to pay a huge penality

Asked by Torne, Canada, KY Tue Oct 20, 2009


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Michele.brad…, Home Buyer, New York, NY
Thu Oct 26, 2017
Did you have a Pre-payment penalty on your Mortgagae loan? Was it FHA or Conventional? If you have a penalty or it is an FHA then you will either have to deal w/some type of penalty payment or deal w/the consequences of not being in the home the min. amt of time required for FHA - the Feds can be fickle . The market you're in will affect what you're able to do regardless. I'd suggest working w/a Realtor & Lender who has experience w/your situation. You're not the 1st & you won't be the last to find yourself faced w/this kind of dilemma. Good luck!
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