S
Striker
Guest
Hi
We are in the enviable position I suppose of having less than 60k left on our mortgage with about 500k in equity. The dilemma is age old - 3 kids all getting bigger each day and we live in a standard 3 bed semi. We have found a lovely ready to go 4 bed semi nearby (valued at 850k) which we would like to make an offer on but.... why give up on a very manageable situation (both in our 40's, both working) for a new 350k mortgage? Anybody been there done that? What are the choices and are they worth pursuing?
We are in the enviable position I suppose of having less than 60k left on our mortgage with about 500k in equity. The dilemma is age old - 3 kids all getting bigger each day and we live in a standard 3 bed semi. We have found a lovely ready to go 4 bed semi nearby (valued at 850k) which we would like to make an offer on but.... why give up on a very manageable situation (both in our 40's, both working) for a new 350k mortgage? Anybody been there done that? What are the choices and are they worth pursuing?
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