Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Mortgages (https://www.askmehelpdesk.com/forumdisplay.php?f=212)
-   -   Should I walk away from my mortgage (https://www.askmehelpdesk.com/showthread.php?t=460495)

  • Mar 26, 2010, 07:43 AM
    mataadams
    Should I walk away from my mortgage
    Should I walk away from my mortgage?
  • Mar 26, 2010, 07:54 AM
    ebaines

    No one here can give you advice on this without knowing your personal situation. But if your mortgage is "upside down" one can make an argument that if you can find an equivalent property for rent at a lower monthly lease than your currently paying in mortgage, taxes, and property insurance it can make financial sense to walk away. You have to balance the financial gain of doing this against the hit on your credit score that you'll take, and basically resolve to rent (not buy) for the foreseeable future.

  • All times are GMT -7. The time now is 05:20 AM.