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Reply to "Help me keep my finances together post divorce "
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[quote=Anonymous]OP, you have a 1M mortgage, but what's your PITI? (Monthly payment?) What are your mortgage terms? Also, what equity do you have in the house? I agree with other posters that the mortgage is probably the thing that will push you over the edge in the long run. I know N. Arlington is expensive, but you can buy things for less than $1M in N. Arlington. I would advise to stay put and plan to sell your place (because most likely the mortgage is not sustainable) in the late Spring. Then you can move over the summer but possibly in the same school district. Hold tight for the next few months though, to ease the transition with your kids. With your income level, you would probably not want to rent a place for more than a year due to your taxes being hit so hard, but you could buy a new place, either after a year or in the spring after you sell your house. [/quote]
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