29 Mar My mortgage just increased. Should I just sell?
My mortgage is going to go from $1,700 and change to over $3,200 a month. I make around $4 500, so this seems impossible to keep up. Should I just sell? A lot of people are trying to sell now while they can get more money.
Before making a decision to sell, it’s crucial to carefully evaluate your financial situation and consider various factors such as current market conditions, potential selling price of your property, associated costs of selling, and your long-term financial goals. Additionally, you may want to explore options such as refinancing or negotiating with your lender before deciding to sell. Consulting with a financial advisor or real estate professional could also provide valuable insights tailored to your specific circumstances.
If you choose to remain in the market, for instance, you may rent out a room or a basement, etc. You could also work on trailers, yachts, and other such items. Simply keeping an eye on your expenses and other details to discover whether you have any subscriptions.
You could potentially save roughly $400 each month on various services that you pay for but are probably unaware of.
