Is it proving difficult to sell or are you upside down?
You have to be able to qualify for both payments, but you may be able to rent your present home and then buy a new one. So even if your present home is under water (so to speak) you may be able to get a great buy on a new one. You may be able to rent out the home for more than your total mortgage payment and have an investment that not only pays for itself, but pays you dividends every month for the next 30 years or more.
Your rental property will slowly build equity for you and can probably give you a tax advantage. For more details shoot me an email or call at 777-4663.
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