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Updated almost 3 years ago on . Most recent reply

Michael Salamone's profile image
Michael Salamone's profile image
Michael Salamone
  • Rental Property Investor
  • from CT
  • Member since Jun 10, 2020
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28
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17
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Michael Salamone's profile image
Michael Salamone's profile image
Michael Salamone
  • Rental Property Investor
  • from CT
  • Member since Jun 10, 2020
Connect
Michael Salamone
  • Rental Property Investor
  • CT
17
Votes |
28
Posts
Real Estate News & Current Events

Advice if things get tough

Michael Salamone
  • Rental Property Investor
  • CT
Posted

Hello,

I am seeking some advice for my future strategy. Currently, I am house hacking my current duplex, and am wrapping up some cosmetic renos. However, in my current timeline, with interest rates going up, my new mortgage (FHA to conventional), will be MORE expensive than my current rate. So I feel like my hands are tied and I will be stuck w this mortgage. Any thoughts on what some next steps I can take are?

Best,

Michael

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