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Old 02-06-2011, 07:37 PM
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Challenger Challenger is offline
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Originally Posted by ladydoc View Post
We discussed our move with our financial advisor and the advice we got was that home prices have not bottomed out yet (but they did agree with me that not every move in life has to be based primarily on finances!!). I said we were not willing to wait a few years just to get something a little cheaper. They told us to sell this house ASAP to avoid further deterioration of home prices and to mortage the new house. We were told that mortages are so cheap now that keeping the money invested that we could use to buy outright would make MORE for us then we will pay in mortage interest. Makes your head spin.....Just getting more and more excited about coming for the Lifestyle Preview. Can't wait!!!
I would be very wary of a FA who recommended thar you mortgage your house to invest, Although you might make out ok, no one can be sure that you will make a return in excess of the mortgage interest , closing costs and fees.