Ilyce Glink & Samuel Tamkin Real Estate Matters, Tribune Media Services
…Q: My wife and I have saved about $225,000 and want to buy a bigger home with the cash. We owe about $120,000 on our current home. Our monthly mortgage payments are about $1,000. When we bought our new house, we paid $160,000 for it, and it is now appraised at around $126,000. We want to rent our current house and possibly get around $1,200 per month…
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