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Choosing the Right Exit
Decide based on mission changes, rate environment, equity, and market liquidity. Model scenarios and consider taxes and transaction costs.
Modeling
- Sale: Estimate resale price, costs, and payoff; test against LTV & appraisals.
- Refi: See refinancing for break‑even math.
- Reamortize: Request terms from lender; weigh total interest vs payment relief.
Risk Controls
Maintain reserves; avoid negative equity; plan early for balloons; monitor rate trends.