Which scenario is better:
Buying a $45,000 house on a 15 year mortgage then selling the house after building enough equity to get a $90,000 house on a 15 year mortgage
Or
Buying a $90,000 on a 30 year mortgage.
Is buying the $90,000 house on a 30 year mortgage right away better financially since I won't have to deal with realtor commissions if I sold the first house?
I will make extra payments on both scenarios. I'd be able to make more extra payments on the cheaper house than the $90,000 30 year mortgage house.
My main goal is to get the $90,000 house.
from a financial perspective which is better?
Read more: Should I buy a cheaper house or?
