thanks, you’re right about that. i did try last year but they rank at the bottom of lender ratings (i checked a survey later) and they resoundingly said non !
i’m at 500k with my mortgage, and i’m assuming my home value is currently about twice that based on fundamentals. large lot, impeccable construction, quiet street. i still think the tsunami will take time to reach this category. not saying if, just when. and i want to eject from RE before it happens in this city. backpack and travel to return in 6 months and get back in if it’s a ‘soft landing’. if it isn’t i can’t lose by renting.
thanks PD. i checked online and it said there are two kinds of prepay penalties – ‘hard’ and ‘soft’. the former does not distinguish between a sale and a refi. i suppose you had a soft penalty clause. with my lender i’d put the chances at zero. they’re the quintessential predators.
i just hope our buyer is not the ARM kind. ‘the greater fool’ theory depresses me and i’d rather someone with real savings bought it…
