Thread: House REFI....
View Single Post
      03-14-2014, 05:43 PM   #13
jwzimm
Colonel
jwzimm's Avatar
United_States
687
Rep
2,770
Posts

Drives: '16 M3
Join Date: Jun 2011
Location: Renton, WA

iTrader: (17)

Something to keep in mind is all those saying they would move out in X years will need to sell the house. Right now the values are coming up but only modestly. Also, most times the seller pays closing costs so you can end up not making any money on the sale.

One other advantage of a 30yr fixed is the ability to turn the property into a rental without worrying about the rate adjusting on you. This is what i plan to do with my townhouse if/when I need to move.
Appreciate 0