I'm curious.
We currently own a home. We owe $180K. Current Zillow estimate is $334K, and based on recent sales in the neighborhood I'm sure we could sell for $320 -$360, so I'm not asking about that.
My wife and I have been talking about slowing down and living a bit more simply and to that end getting a smaller house in a smaller town. We have seen a few houses in the $125K - $160K range that we really like, so my question is.
If we sell for $340, pay off the $180K current mortgage, transfer tax, realtor fees, etc, we should easily be able to put $100k down on a house. So if we put $100K down on a house that is valued at $125 - $160 will they do a 30 year mortgage for that amount or would we be looking at a 15 year mortgage?
Thank you!
Submitted February 26, 2018 at 04:58PM by mrdaver911_2 http://ift.tt/2ozGcFU
