DH and I are kind of at a crossroads and I figured i'd throw our situation out there to savvy folks to get a sense of direction as to where we should go.
We have a second home that we plan to move into in 5 years, and we have about 5 years of payments left. Our current residence is a co-op with no mortgage (probably a unique situation in NYC for those not familiar). Thinking of paying off mortgage on second home now, using savings to make a lump sum payment on the balance. WWYD?
TIA!
We have a second home that we plan to move into in 5 years, and we have about 5 years of payments left. Our current residence is a co-op with no mortgage (probably a unique situation in NYC for those not familiar). Thinking of paying off mortgage on second home now, using savings to make a lump sum payment on the balance. WWYD?
TIA!