How to calculate Average Mortgage Balance during home sale
paranoidAndroid
Member Posts: 1 Newcomer
I had 2 mortgages in 2024 not due to a refinance or sale but rather due to carrying a mortgage for 2 properties. 1 mortgage was a new mortgage for a newly purchased primary home. The other mortgage was for our previous primary home which was eventually sold in 2024.
What is the recommended way to calculate the average mortgage when carrying 2 mortgages only during the time when the previous primary home was up for sale?
Jan 2024 - Sept 2024 - Mortgage #1
Aug 2024 - present : Mortgage #2
You'd think this was not an uncommon scenario. Thanks!
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