looking for advice
I hope this is the right thread.
Me and missus bought her sibling out of his half of the house. We now have a mortgage of 120,000 in a house thats worth around 400,000. Its a 3 bed house, we have 2 kids and a third on the way. We pay the bank 530 per month on a fixed rate mortgage that will be ran out in 20 months.
The missus has been cut down work wise from 5 days per week to 2 days so even though mortgage small, money is still tight
Now, I have been given the opportunity to move to Waterford/Wexford and I am in a very secure job but salary only 28K.
Also, my career opportunities would be much improved from movin down there
I know we could move down there and heavily reduce the mortgage (by about 100,000), buy a bigger house, have more money in pocket etc
Does anyone think we would be mad doing this?? If we bought wisely in Waterford? Should we pay the bank off?? Any thoughts would be much appreciated