Quote:
Originally Posted by Kenswing
We're in the same boat as you are. Since we're not exactly sure what we're going to do when we move to The Villages we're just going to take out a mortgage. When our current home sells we'll decide whether to pay off the new house right away or wait awhile. With rates in the 2.5% range I might look at putting the proceeds from our house into something else. Then again I'm debt-phobic so we might just pay it off anyway - lol..
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If you check with credit unions and stay away from commercial banks the rate is 2.1-2.2%
Do a budget add a 20% surcharge at the end because your costs here are understated to get you to buy here ! I’m selling my house because it too expensive clicky and don’t golf and life far away from everything but close to the prison