Reply to Relocation and mortgage interest rates

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Op here. I’d like to negotiate my relocation to cover interest. Typically it only covers closing costs, packing and moving. And while I’m getting a pay raise it isn’t coming close to the amount I lose with the interest rate. The other option would be to buy with cash but I’m not sure if it makes sense to give up tax savings. [/quote]

I will never understand the logic behind unnecessarily spending a lot more money in order to pay a little less taxes.[/quote]

But she is not paying more -- there is a huge opportunity cost to buying a house with cash.

OP, can you turn down this promotion? It seems like it is not in your interest to take it.  Alternatively, can you ask for a one time bonus that you could apply to a down payment and bring the cost of the mortgage in line with what you are paying now (assuming you only apply your home equity to the down payment)? I would lean towards doing that vs negotiating for a bigger raise. I would worry that a big raise would leave you vulnerable to a layoff in the future if you were making a lot more than other ppl with your job in the new location.[/quote]

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