Dog
Full time employment: Posting here.
- Joined
- Apr 8, 2006
- Messages
- 880
DH and I have spent the past two years building our future retirement home. It is just a ferry hop and 25 miles from our current residence (but feels a world away). In 2005 we refinanced our current residence to build the new house. Current mortgage is $228k and the house is currently valued at 315K w/interest rate at 5.5%. I am hoping to retire in the next 2 years. DH will work for another 6-9 years depending on whether he wants to earn his full pension. It will mean a longer commute for him (adds the ferry into the mix). OK - heres the question.....I'm trying to figure out whether we should keep the main residence and rent it for enough to make the mortgage payments or sell it and be done with it. The house is located in a desirable area. Thoughts, experiences, ideas?