I have a mortgage. 12 years in to 30 year contract. There may come a time soon rather then later that I’ll have to sell and move to a new area.
I wish to know... in this current mortgage as with any the first several years are front loaded with interest so see the loan hardly go down. I had a 250k mortgage let’s say now it’s 190k
If I was to sell and got enough to cover mortgage on current house would i have to start from scratch again buy a new place over 30 year and be front loaded again or is is possible just to just carry the mortgage across and pay what I’m paying now for 18 years. That’s to say I’d sell my place now for 190k buy a place for 190k.