we are selling our home because the lot is very small and we have three children, the one good thing about our home now is the mortgage payments are very low, if we buy another home our mortgage payments will more than double, but we want our children to have a larger garden to play in, but we will have to work a lot more. we don't know what to do, please any advice?
2006-06-21 13:20:27 · 9 answers · asked by aloha 1 in Business & Finance ➔ Renting & Real Estate
I would say if you can comfortably afford it and the extra work doesn't detract from quality time with you children go for it. However a third alternative may be to find something bigger but not as expensive as "more than double". So I'd say keep looking. Something that fits your needs might be around the corner.
2006-06-21 13:27:16 · answer #1 · answered by DR 3 · 0⤊ 0⤋
When you say if you buy another home your payments will more than double, does this mean you already have another home picked out? If not, I would shop around, shop around, shop around, and be sure to find the best deal to suit your family.
When you say you will have to work a lot more, does this imply that you will be spending less time with your children? If so, I would really sit down and think about what is truly the best for your family...your time or just more space. Good luck.
2006-06-21 13:51:08 · answer #2 · answered by JC 5 · 0⤊ 0⤋
Perhaps you can purchase a house with a little bigger yard, not the one you have your eye on. This way, even though your payments may increase, they probably won't 'more than double' as you stated. Don't strap yourself financially for your home!! You have 3 children which is already stressful enough. Then, revisit the move again in 3-5 years, THEN move into the size home you are looking at now.
Good Luck!!
2006-06-21 15:22:39 · answer #3 · answered by wanninonni 6 · 0⤊ 0⤋
Are you debt-free otherwise? No car, no credit card?
Starting July 1 - pay your mortgage like it's the new mortgage and put the added payment in a money market account....If you can handle the new "pretend mortgage" for six months without ever ever touching it to make ends meet during the month then you will know for sure if you can handle it.
2006-06-21 16:29:44 · answer #4 · answered by Paula M 5 · 0⤊ 0⤋
Good reason to move, select your mortgage product carefully. If you are early enough in your careers to reasonably anticipate increases in income over time, there are products with very little risk that can offer you lower mortgage payments for the same amount in the initial years.
Good luck, hope everything works out for you.
2006-06-21 13:25:18 · answer #5 · answered by Timothy W 5 · 0⤊ 0⤋
Where you get them from is incredibly important. Rats from pet stores are mass bred so, as you say, can have bad health. They also won't have been handled much so won't be very friendly. If you buy from a pet shop you support this trade so you are basically funding animal cruelty. If the rats sell they will keep getting more in. So although you save the lives of the rats you buy, you condemn others to cruelty. If you go to a rescue on the other hand you are supporting a good cause. Rescues often get pregnant does in so will have litters of babies looking for homes. A good rescue will handle babies from very young so they will be nice and friendly. Breed wise, rats only really vary in colour and this doesn't affect their personality the way it does with dogs for example.
2016-05-20 09:57:13 · answer #6 · answered by Anonymous · 0⤊ 0⤋
All the gain from the sale should be invested in the new home. If it is reasonably purchased, the mortgage payment should remain about the same and you start with high equity in the bigger house.
2006-06-28 11:26:27 · answer #7 · answered by alpha & omega 6 · 0⤊ 0⤋
You have a good reason to move. Good luck. If you buy in the right area, your mortgage may not be that much higher.
2006-06-21 13:22:56 · answer #8 · answered by redunicorn 7 · 0⤊ 0⤋
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2006-06-22 02:06:08 · answer #9 · answered by Anonymous · 0⤊ 0⤋