moving up: Northwest Indiana Homeowners...Does Moving Up Make Sense?
- 03/01/07 01:06 AM
The answers to these questions will help you decide:1. How much equity do you have in your home? Look at your annual mortgage statement or call your lender to find out. Usually, you don't build up much equity in the first few years of paying a mortgage, but if you've owned your home for a number of years, you may have significant unrealized gains.2. Has your income increased enough to cover the extra mortgage costs and the costs of moving? 3. Is the neighborhood still a good one for your needs? For example, if you've had children, the quality of the … (0 comments)
Serving Cedar Lake, Crown Point, Dyer, East Chicago, Gary, Griffith, Hebron, Hammond, Highland, Hobart, Lake Station, Leroy, Lowell, Merrillville, Munster, New Chicago, Schererville, Schneider, Shelby, St. John, Whiting, Winfield, Beverly Shores, Burns Harbor, Chesterton, Kouts, Michigan City, Ogden Dunes, Portage, Valparaiso, Westville, Wheeler, LaPorte, Long Beach in Northwest Indiana Real Estate Market
The answers to these questions will help you decide:1. How much equity do you have in your home? Look at your annual mortgage statement or call your lender to find out. Usually, you don't build up much equity in the first few years of paying a mortgage, but if you've owned your home for a number of years, you may have significant unrealized gains.2. Has your income increased enough to cover the extra mortgage costs and the costs of moving? 3. Is the neighborhood still a good one for your needs? For example, if you've had children, the quality of the … (0 comments)
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