|
- Do you have substantial equity in your home? Check your yearly loan statement or call your mortgage holder and find out. Often you haven't built up much equity in the1st few yrs of paying your loan, but if you have owned your house for a number of yrs, you might substantial unrealized gains.
- Do you have higher income and will it cover the extra mortgage costs plus the moving costs?
- Have you outgrown your neighborhood? If you have kids is the school quality high enough for your needs?
- Does it make sense to build an addition or update your home? Is your lot big enough for expansion? Also sometimes it is easier to move than remodel a house. You might have to find temporary quarters during remodeling.
- How is the housing market? If it is good, you might be able to get high dollar if you sell.
- Are the interest rates good? A lower rate helps you purchase more house, and it makes it easier for a buyer for your house to qualify.
|
 |
|
|
  |
|
