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Originally Posted by Yucatan2
Thank you everyone for your insight so far.
I did not mention that there is no mortgage on our Virginia home, however there is a small equity loan, like having a car payment. And the car is also paid for. Interest rates are so low at this time, but I think that will continue for a bit.
I know no one can really answer this question for us and it's a matter of our own financial comfort level, but it's just nice to hear what others have done.......thanks!
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Good luck! We too live in VA. My husband and i purchased a house back in 2007 after visiting the place for a few years and we knew we loved it. Ou initial thought is to have a place and plan to retire in the Villages. (we are not retired yet). Our decision was to determine we could pay for both mortgages and any rental income would be a plus. We are so lucky and have been renting the property for the past 4 years for the same person and the renter stays 7 months there. So it helps us and we cannot wait until we move, at which point I will have to consider what you thinking about now… To sell or not to sell the VA property!