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Financing in 95608 : Real Estate Advice

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  • Home Buying10
  • Home Selling1
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Activity 3
Wed Sep 5, 2012
Jim Walker answered:
Add up all your costs of ownership: The main costs are mortgage payment, property insurance, property taxes, maintenance, water, sewer, and garbage. Because you will be out of area, property management by a property management agent is probable. Then find out what you can probably rent your house for.

If there is a positive number remaining after subtracting the expenses, I would choose the decision to continue to own until property values increased enough for you to sell and put something in your pocket. My reasoning is that receiving even a small amount of money every month is better than paying a large chunk of money to sell it now.

Two problems I have with this post though. There are no homes built in 2004 in Carmichael, CA 95608 that would be worth less than $100,000. So I think your question was posted in the wrong zip code.
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Sun Aug 26, 2012
Jacob Varghese answered:
Hi Al,


Your employment and other debts will have to be the other factors. Also you can get an FHA for 3.5%.


Jacob
NMLS 327086
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