Recommended Home Loans for Short Term Residents

Selecting the best home loan option is especially important if you plan on moving out of your home before the loan matures. It is not likely you will pay off a mortgage in a short period of time, so you have to plan to exit the mortgage early by selling your home. This practice is common and financially responsible if you elect the proper loan. 

  • Consider an adjustable rate mortgage. If you can secure a delayed adjustable mortgage, you may be able to sell the home before the rate adjustment period.
  • Do not plan on your home value increasing, unless you carry out extensive renovations. It usually takes at least 5 years before a home's value increases at all, and much longer if you are looking to turn a large profit on the investment.