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re: Better to spend all of savings and be debt free or full of debt with lots of...

Posted on 4/16/13 at 1:32 pm to
Posted by rintintin
Life is Life
Member since Nov 2008
16196 posts
Posted on 4/16/13 at 1:32 pm to
quote:

Problem here is that I would then have two $150k+ mortgages


With interest rates so low this may actually not be a bad thing. And depending on how much your mortgage is on your current home, you could pocket even more money by renting it out. Why pay to move out when you could make money by moving out?
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