All That You Leave Behind
When going on an extended overseas trip, there are things that may need to be addressed before you leave. It may be relatively easy to dump pets and furniture on friends and relatives, sell everything, or break your rental lease, but what if you have a mortgage? What are your options? Sell Sell Sell! There are some very attractive advantages to selling: freedom from debt having cash to spend There are also many headaches associated with selling your home: losing your current fortunate position of homeownership future homeownership is likely to be unaffordable an unpredictable market cannot guarantee that you will be able to sell where to live when you must vacate Renting Out A better option is to perhaps rent out your property. Advantages of this include: keeping an asset that at holds capital value rental money earning potential to contribute to the mortgage Disadvantages of keeping your hom...