Talk of The Villages Florida - View Single Post - Cold Feet
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Old 01-25-2012, 10:47 PM
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keithwand keithwand is offline
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Location: The Villages. From Birmingham, MI
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Cold feet- we moved to FL seven years ago and have 2 kids in TX and 1 in MI.
Yes we miss our 6 grandkids and children but they have their own lives and so do we. Even in the summer when back in MI we only see my son and family a few times.
We thought of moving to TX or back to MI but are now going to be moving to The Villages.

Mortgages-rates have never been lower so even though we have owned 2 homes outright for many years we will be mortgaging the one in TV. You can mortgage up to $417K at 4% (> $417K is 5%) and invest it and then get a tax writeoff for the interest paid. Our broker still gets us around 5% for A rated bonds or better. Its a win win.