My question is: US-specific
QUESTION: I purchased a townhouse condo almost seven years ago for
142,000.00. It is now valued at 300,000.00. I refinanced a year ago and owe
215,000.00. do I have enough equity to purchase a 400,000.00 home without
any extra cash?
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david ingram replies:
Too Tight for my taste. If you are selling the townhouse to buy the
$400,000 house it is doable but if the idea is to keep both of them, it is
too tight in this market with rising interest rates and increased vacancies.
David Ingram's US/Canada Services
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