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^ If you anticipate holding the property for at least 5 years, then I think buying the unit (provided you are buying it at a fair price) seems like a calculated risk.
If something happens after your first mortgage term which requires you to sell, you'll have sufficient equity to offset any short-term fluctuations in the market and any realtor fees you'll need to pay when it comes time to sell. You should be able to build 50K in equity after 5 years, depending on your amortization and interest rate. If you have more appetite for risk, go with 2-year fixed mortgages.
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