Find out about Real Estate on the Monterey Peninsula » Real Estate buying http://montereyhomesblog.com Realty World - American Dream Realty Tue, 22 Feb 2011 09:03:16 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Is it time to move up? http://montereyhomesblog.com/2009/05/19/is-it-time-to-move-up/ http://montereyhomesblog.com/2009/05/19/is-it-time-to-move-up/#comments Tue, 19 May 2009 21:41:21 +0000 Kerry Harvell http://montereyhomesblog.com/2009/05/19/is-it-time-to-move-up/ Ok, so you bought your home before prices got crazy. You’ve been paying your mortgage on time, keeping your credit score high. You’ve done all the right things. You could be the perfect candidate to move up.

Think about it. Interest rates on a 30 year fixed rate loan could be lower now than when you bought. Depending on your location and where you would want to move, you might be able to buy a home that is bigger and newer, finance it cheaper and come out with a lower payment then you currently have.

Depending our your financial situation, you might even be able to rent out the house you’re living in and have future equity.

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