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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]
 :roll: [/quote]

Your point?[/quote]

First of all, if you thought she had a $500k mortgage you would have said that, not $350.  You just screwed up.  Then you tried to cover your screw up by saying "well OP provided numbers but I invented other numbers in my head based on nothing and substituted those, and my numbers prove that OP and anyone who didn't invent numbers is an idiot!"

So again:  :roll: [/quote]

Reading comprehension - OP said she had $600k home equity in a home she could sell for $950K, so yes, she has a mortgage balance of $350k.  A PP pointed out that doesn't mean that her payment is what one would think of when they think of a brand new $350k mortgage (which would be about $1,700).  Fair enough.  Since we don't know any more details than that, yes, I speculated that the OP's original mortgage balance was somewhere between $350k (today's balance) and $760k (about 80% of what her home is worth).  I also speculated that her mortgage couldn't be more than around 5 years old, since in the 2012/2013 timeframe, mortgage rates were at their lowest in over 50 years, and anyone with a mortgage and half a brain should have refinanced to a sub-4% rate.  So, the payment on a $500k mortgage at 4% is around $2,400, which on a household income of over $23,000 a month, is not the problem.

Keep up.  This is the finance forum.[/quote]

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