dm
Full time employment: Posting here.
I was debating between paying cash or getting a mortgage for the new house we are buying. The new house will cost about 200k more than our current house once the updates the wife wants done.
Since it would mean taking some money out of our IRA and paying taxes on it, we decided to get a mortgage. We locked in at 3.125%, that made the decision a little easier. I was surprised that they would give a 30 year loan to someone 63 and out of work for the last 13 years.
I guess the kids can worry about paying off the loan when the time comes.
Since it would mean taking some money out of our IRA and paying taxes on it, we decided to get a mortgage. We locked in at 3.125%, that made the decision a little easier. I was surprised that they would give a 30 year loan to someone 63 and out of work for the last 13 years.
I guess the kids can worry about paying off the loan when the time comes.