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 home loan, advice!!

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gkl83
post Oct 15 2008, 05:37 PM

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QUOTE(K-o-E @ Oct 15 2008, 05:15 PM)
would it be advisable, generally, to purchase a home through loan and after a period of time; say 2 years, sell it off. Would i be losing a lot of money?
*

depend... because u have to pay extra money and u paid 2 year interest...

1. bank penalty, 3-4% of the loan amount balance.
2. lawyer fees which paid for S&P previously when u buying house.
3. lawyer fees to transfer name.
4. total the interest that u paid.

This post has been edited by gkl83: Oct 15 2008, 05:38 PM

 

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