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  • rehydrate5503@lemmy.world
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    2 years ago

    Yes, sorry I meant renewing but wrote refinancing. That’s true, I could extend the amortization to 25 years but that means I’d be in the workforce longer than I’d hoped. I’m also worried about an impending housing crash with rates so high, it could mean my home would lose value, so I was thinking if it would make sense to sell and get the equity now, rent for 2-3 years and then potentially buy another place anticipating a crash. Don’t know if that would ever make sense, just a shower thought.

    • Affaires de PiassesOPM
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      2 years ago

      On paper, it makes sense. But it’s hard to predict the future: what if you were to sell now and the prices kept going higher? You may only be able to re-enter the market at a much higher price (or not at all). Would you be confortable with this situation?