Wednesday, September 14, 2005

Should I Sell Now?

Here's a reason I can think of: those who've purchased a home in the past few years that may have been a bit over their heads and have an adjustable rate or interest only loan. Over the past few years, increasing prices, no threat of raising rates and creative financing allowed some folks to purchase homes that they wouldn't normally be able to afford. If they can't afford to get out of that mortgage and in to a fixed rate in the near future, it might be time to sell. Then they can use their equity to buy a lesser priced home that they can afford the fixed rate payments on.


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