View Single Post
Old 02-16-2018, 03:54 PM   #370
metalskins
The Starter
 
metalskins's Avatar
 
Join Date: Jan 2016
Posts: 1,464
Re: The Good News Thread

I'm going to say this is good news, at least I think it is. My wife and I have decided it's time for us to move. We have lived behind her parents (the street over, through the woods) for 5 years, and just recently, my wife and her mom have kind of been at it with each other. It's all over our son. Her mom is kind of opinionated when it comes to raising children. Anyway, we decided it's best to put our house up on the market and find another place to live.

Now, ever since we've gotten married, we've been snowed under with debt, whether if it was car loans, house stuff, medical expenses, student loans, etc....we've owed for it all. Last year, we took out a second mortgage to kind of "pay off" a lot of debt (in reality, just consolidating to have one easier monthly payment to deal with.) Certainly when you sell your home, your second mortgage comes due. That being said, we've built up enough equity in our house where we pay off all of our existing debt and still have a few thousand left over to help fund a college fund for our son, an emergency fund, as well as have money left over to put toward another home.

That being said, we're going to be able to find another home (about equal to the value of our existing home) with a clean slate and a much better financial standing! I can't wait for a change of scenery, but I also can't wait to be in a position where the only thing we owe is a mortgage. I can deal with that!
__________________
Reserved for a witty signature.
metalskins is offline   Reply With Quote

Advertisements
 
Page generated in 1.30502 seconds with 10 queries