This chapter discusses the financial and emotional components involved in selling primary residences, highlighting transaction costs and alternative options such as cash out refinancing. They also discuss using equity from a previous property for purchasing a new one and the importance of debt ratios in qualifying for a new loan.
#457: Angie sold all the stocks in her retirement account last year. And now the market’s climbing. What should she do with her $500,000 cash position?
Christina will be graduating with six figures of student debt. Should she refinance out of a federally protected loan to lower her interest rate?
An anonymous caller wonders how Paula and Joe handled their primary residences when they moved out of state.
Former financial planner Joe Saul-Sehy and I tackle these four questions in today’s episode.
Enjoy!
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