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Updated 3 months ago, 10/11/2024
New home question
Few weeks ago I closed on a townhome worth 524,000. My interest rate is 7.1% so my mortgage is $1000 more than what this property can rent for right now now. My plan was to buy this and live in it for a bit, but then eventually rented out as my first investment property. any advice here on how I can get my mortgage down or any tips in general ?