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MP4VT2004

Joined: 09/09/2007 Posts: 16646
Likes: 13850


I'm betting his current mortgage is a lot more than $1800/month.


I think he's saying his current mortgage balance is $300,000, not that he paid $300,000 for the house. I'm guessing the original mortgage balance was $600,000+. Plus, he's been making accelerated mortgage payments, which means he's used to an even higher payment. I'm going to guess that he's currently paying over $4,000/month, particularly if property taxes and insurance are included and paid from an escrow account maintained by his mortgage holder.

It sounds like it will be tough for the OP to convince the wife to move, and if she's not in board, it's not worth it. Life won't be too peachy if he twists her arm and then she's unhappy. But, I totally get the desire to be debt-free. I dream of not having a mortgage someday...

(In response to this post by Nova Hokie 95)

Posted: 12/11/2018 at 1:53PM



+1

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Current Thread:
 
  
Debate with wife ... house downgrade or not? -- HokieHutch 12/11/2018 10:39AM
  You are making a big mistake -- MrBayAreaHokie 12/11/2018 3:11PM
  Sell it all - get a van ** -- bigbadbird 12/11/2018 2:33PM
  $2,300-$2,400k depending on property taxes each year -- HokieHutch 12/11/2018 3:22PM
  Don't move unless you need the $$ to fund college. -- GFallsFan 12/11/2018 11:34AM
  Don't ask don't tell ** -- bigbadbird 12/11/2018 11:32AM
  I'm with you on this one. ** -- reestuart 12/11/2018 11:29AM
  A couple questions pop up -- Nova Hokie 95 12/11/2018 11:08AM
  Answers -- HokieHutch 12/11/2018 11:21AM
  Who is Wayne and why is he coating your house? -- GFallsFan 12/11/2018 11:40AM
  Except part of the push for moving, as I read it ... -- Nova Hokie 95 12/11/2018 11:35AM
  Ahhh, okay -- I get it now -- Nova Hokie 95 12/11/2018 11:43AM
  Win-win! ** -- reestuart 12/11/2018 12:02PM
  Correct ** -- HokieHutch 12/11/2018 11:32AM
  Nice! ** -- reestuart 12/11/2018 11:35AM
  Explain to her that part of the pro of moving and having -- HokieSignGuy 12/11/2018 10:52AM
  How old are your kids? -- Dan1993 12/11/2018 10:46AM
  8 yr old daughter. 12 and 15 yr old sons. -- HokieHutch 12/11/2018 10:51AM
  Cheaper to keep her. ** -- vt90 12/11/2018 10:47AM
  Preach it lol ** -- HokieHutch 12/11/2018 11:25AM
  I'm staying out of this..... ** -- DonHo-kieHi 12/11/2018 1:01PM

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