• Trainguyrom@reddthat.com
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    And typically to get the first quarter of your mortgage paid off takes 10 years, so for many people that will be $7,500 per $100,000 they borrow to buy a house as the poverty cherry fee on top of everything else.

    You can also work with the lender to perform an appraisal once you have 22% equity due to the property value increasing which may only take a couple of years depending on the market.