How To Work Out How Much Money To Put Towards Your New Home When Selling
Robert Abbey (Professor of Law) gives expert video advice on: How do I work out how much money to put towards my new home?
How do I work out how much money to put towards my new home?
The way to work out how much money you need towards your new home is, of course, to first start out by working out how much money you're going to get in on the sale of your existing property. So, that means you need to look at the sale price, deduct from it any mortgage that needs to be repaid, your estate agent's charges, and your legal fees. Then, apply that net figure to the mortgage that you're going to take out on your new property, and that will then show you how much money you need towards your purchase price.