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  Topic: Please help if you can! Do we stay or go???
Boydfred

Replies: 22
Views: 100261

Post image iconForum: Real Estate   Posted: Wed Nov 06, 2013 4:34 pm   Subject: Re: There is no moral obligation...
Default risks are written into the price of the mortgage. If you owe more than the property is worth you should consider defaulting.
There are more consequences to a default than those you've ment ...
  Topic: Please help if you can! Do we stay or go???
Boydfred

Replies: 22
Views: 100261

Post image iconForum: Real Estate   Posted: Mon Nov 04, 2013 5:24 pm   Subject: Please help if you can! Do we stay or go???
Another idea- rent until you've saved enough to pay cash.
  Topic: Please help if you can! Do we stay or go???
Boydfred

Replies: 22
Views: 100261

Post image iconForum: Real Estate   Posted: Mon Nov 04, 2013 5:21 pm   Subject: There is no moral obligation...
I'd tie in a low interest rate quickly before rates go up, 7% is terrible in today's market. You have the money to bring your mortgage down as Oldguy suggested to attempt to refi with only 3.5% down. ...
  Topic: Putting all my current income in Retirement accounts
Boydfred

Replies: 8
Views: 36236

Post image iconForum: Retirement Planning   Posted: Sat Nov 02, 2013 6:28 pm   Subject: Putting all my current income in Retirement accounts
I have some cash in a taxable account from downsizing my residence. I am currently employed as a teacher. I have enough available retirement vehicles to put my entire w-2 income this year into retir ...
 
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