What will I get from selling our house after 10 years of a 30 year fixed loan?
We are paying rent for 1800 a month for the last 5 years and we feel that we are really wasting our money . We have been offered a 300-350K for a mortgage on a fixed interest of 6.5%. Our dilema is that how much will we get back after 10 years if we bought a 300K house and sell it in 10 years time. We need the cash then to start life in another country where cost of living is lower. What will actually happen if we can only sell the house at the price we pay for it when we buy the house. We really appreciate your response very much.