Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "Upgrade house or pay off?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous]Weird thread, I know, but we've got about 500k in equity in a 950k house and have been kicking around whether or not we want to move or stay put and pay it off. I know we'll pay cap gains tax on it when we sell if we stay since we'll have >500k in equity so that's a factor, albeit not a huge one. Mortgage is 450k and our HHI is around 350-400k so the payment is very manageable. We've been looking in the 1-1.3 range and would probably put 500k down so would end up in a 500k to 800k mortgage if we decide to move. Option B is to stay put and pay this house off, but if we do that we will want to throw some significant money into it (exterior upgrades, new kitchen, redo at least 1-2 more bathrooms, etc.). Probably somewhere between 100-200k. Any opinions on what you would do in our shoes? [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
