Quote:
Originally Posted by jcmaz
I took out a second mortgage for the down payment but the new place will be built in a couple years. It's something that we are willing to contend with as it gives us more time to save up.
It's already so hard to save money so I wouldn't just sell it at a 100k loss when the markets will rebound.
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If you took out a mortgage for the down payment. Is the plan to re-mortgage and sell the old place once the assignment date comes?