Thanks for all the help. We took the house off the market and plan to just keep an eye on mortgage rates so hopefully if they go up to say 5% or so we can try to sell again next year and not have to pay a brutal penalty. In the meantime we are going to get a roomate at $450/mth, I have a friend...

Interest rate differential is the difference between the interest rate the lender is getting from you and the current lower interest rate. My interest rate is 5.79% and the current is now 3.9%, they charge the difference in interest between what they expected to get from you (5.79%) and the new...

I know where we want to be in the future I just need to know right now in the present what will work and what won`t work. Buying a rental, keeping the house and the job or selling and paying off the loss over time, what will be the wisier route to go.

My wife and I who are both in our mid-late 20`s have a dilema and we need advice on solving. We bought our current home in November 2007 and put about $15000 into it, plus accumulated some unwanted debt from just simply having bad luck in the finances, vet bills, splurging too much, etc. We...