All Forum Posts by: Jacob Laman

Hi everyone,

I had a conversation with a lender agent today which started out discussing a refi but ended in looking to sell. I’m curious on a few more inputs from all of you. The question is do you guys think the housing market here in San Diego is going to make a correction this summer or fall? I am moving to Virginia in a year so no matter what I intend on selling I would just prefer not to turn upside down on my home.

Any input would be appreciated! Thanks everyone in advanced for your time.

Hello all,

Looking for some advise here.  I currently own a home in San Diego under a va loan. I would like to possibly turn this property into a rental when I leave.  I’d like to then buy a property in va using a conventional loan.  
contributing factors; current home loan is roughly 500k. 
being my first home it feels like a lot and I’m a little nervous to hang on to it.  My mortgage would be comparable with other rental properties in my area.  
how would holding onto this property effect a conventional loan when I move to VA? Would it hinder my ability for another decent loan?.

Or..  

selling it seems like an easy way out. 
many advise would be appreciated.