Quote:
Originally Posted by jimbo2012
Ok, so get a "Home owners policy", I think the only difference is this type covers all contents the other type does not cover the contents.
Now what does the bank know?
Rent it get the lower rate.
I assume this buyer knows what he can afford and that's his/her call
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----I don't understand what you are trying to say, Jimbo.
I think too that the OP would be better off to wait to buy a home when he was ready to retire and not count on the rental income.
If it will require renting it to swing it...that is VERY iffy. And more competitive each day. We don't need to encourage people to get in a tenuous financial situation. There will be plenty of homes available when he retires. We are all heading toward the door here and vacating spaces daily. Sad but true.