Quote:
Originally Posted by RickFLM4
I don't think you mentioned the cost of the preferred new house. If you are swapping $400K houses, rolling your existing equity will go a long way towards getting a mortgage if your credit is reasonably good. How much of a mortgage are you looking at?
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Well that's part of what I havent decided. If new house is >$250k I can buy it cash with equity, if its over $250k I need mortgage. I can find houses that will serve the purpose around $250k, but I don't love any of them. If I go to the $400k-$450k mark there are better options with more land, but then I'm back to having mortgage.
Quote:
Originally Posted by RickFLM4
Also, if you think your 2018 tax return will assist with income for mortgage why wait until much later in the year to file it? Just get it done.
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I'm part owner in another business, but I don't handle the accounting for that and I need the K1 from that business to do mine and they take forever!