U
/u/Fumblezj
Guest
Hello,
I am preparing my house to put it up for sale within the next month so I can move my wife and kids closer to family (several hour drive will turn into 10-15 minutes). I have an assumable VA mortgage at 3.125% / $292k. My realtor is advising I have it listed for $550k based on comps. My budget allows, based on current rates, for the purchase of a $650k house after I sell my current home. I will be talking to lenders this week, but I am just curious what advice you all can lend.
Should I list my house advertising the assumable mortgage? If so, would I be able to list at a higher price (how much)?
I'll be putting ~25% down on the new home. Will I have enough entitlement to use the VA loan again? Will it be worth it vs a conventional loan, considering the VA funding fee.
Thank you in advance!
submitted by /u/Fumblezj
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Homeseller - Assumable Mortgage
Continue reading...
I am preparing my house to put it up for sale within the next month so I can move my wife and kids closer to family (several hour drive will turn into 10-15 minutes). I have an assumable VA mortgage at 3.125% / $292k. My realtor is advising I have it listed for $550k based on comps. My budget allows, based on current rates, for the purchase of a $650k house after I sell my current home. I will be talking to lenders this week, but I am just curious what advice you all can lend.
Should I list my house advertising the assumable mortgage? If so, would I be able to list at a higher price (how much)?
I'll be putting ~25% down on the new home. Will I have enough entitlement to use the VA loan again? Will it be worth it vs a conventional loan, considering the VA funding fee.
Thank you in advance!
submitted by /u/Fumblezj
[link] [comments]
Homeseller - Assumable Mortgage
Continue reading...