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Money and Finances
Reply to "Another "need advice" subject - your input, please."
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[quote=Anonymous]Don't sell your house. That is stupid advice. You have a 2000 sf house in the suburbs worth $550k for a family of five. It is a reasonable house and renting would not be cheaper. First, you cannot sell without paying off the 2nd mtg. Second, the costs to sell and move could be $50k to $60k. You are doing fine. Pay off the 2nd as soon as you can then refinance. Maybe your house will be worth $600k by then. Key thing is controlling the spending going forward.[/quote]
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