Don’t Like The New House

Expert, localized Los Angeles answers provided by Heather Roy

Don’t Like The New House
	Dear Ms. Lank: We bought our first house last year and now we both don’t like it. Is there anything we can do? Do we understand this correctly: If someone buys the house, do we pay the bank back the money we owe? And then if we buy another house, will it be the original process of buying all over again (down payment, closing costs?) Will this have a negative effect on our credit?

	Your credit record won’t suffer at all if you sell your home and buy another. Yes, you have to pay off the present loan and go through the whole process again with the next house. People do it all the time.
	Edith Originally published on November 29, 2005

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