Updated almost 7 years ago on . Most recent reply
Should I sell my current home?
I’m currently paying a mortgage. I owe $58,000 on it and I’ve been in it for about four years. My mortgage loan was a little over 63,000. I want to potentially rent it out in the future, however I am going to need to take out about a $10,000 + home improvement loan to have the house rewired, replace some appliances, and I may even have to have the roof replaced. This is going to add an additional $300 plus a month to my monthly payment. I’m needing guidance!!Would it be best for me to sell the house instead of going into more debt with this property, or is it worth it to go ahead and take out the loan to have the property updated???