hypothetical q
house bought for 275k
need to move to different county
can you sell for eg 250k
and buy a house for 180k, and add the 25k you owe to bank onto mortagage of new house?
also how long can you freeze mortgage payments for,ie interest only-is it 6months over the life of mortgage?is there any descretion used in this situation>?
house bought for 275k
need to move to different county
can you sell for eg 250k
and buy a house for 180k, and add the 25k you owe to bank onto mortagage of new house?
also how long can you freeze mortgage payments for,ie interest only-is it 6months over the life of mortgage?is there any descretion used in this situation>?