http://dividendmoney.com/how-to-eliminate-debt-with-one-move/ Personal Finance With A Cash Flow Focus Thu, 17 Nov 2011 16:19:17 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://dividendmoney.com/how-to-eliminate-debt-with-one-move/comment-page-1/#comment-19732 Tyler Thu, 20 Mar 2008 20:10:21 +0000 http://dividendmoney.com/how-to-eliminate-debt-with-one-move/#comment-19732 Keith, I think you are correct about the future appreciation and you are also correct with regard to servicing the debt. I happen to work at a financial institution, so my mortgage is right now at a variable rate of 4%. My thought process in the above post is purely psychologically based. Mathematiclaly, it is a much better decision to stay put. Thanks for your comment and the advice for when my wife goes back to work :) -Tyler Keith,
I think you are correct about the future appreciation and you are also correct with regard to servicing the debt.
I happen to work at a financial institution, so my mortgage is right now at a variable rate of 4%.
My thought process in the above post is purely psychologically based. Mathematiclaly, it is a much better decision to stay put.
Thanks for your comment and the advice for when my wife goes back to work
-Tyler

]]> http://dividendmoney.com/how-to-eliminate-debt-with-one-move/comment-page-1/#comment-19728 Keith Thu, 20 Mar 2008 17:19:50 +0000 http://dividendmoney.com/how-to-eliminate-debt-with-one-move/#comment-19728 I too made the mistake of bringing up big financial decisions at the late stages of my wife's pregnancy. You'd think I learned my lesson but I then did it right before she went back to work also (calculating what we could do with her again earning a salary). Big mistake. I think your plan is a good one, but you should also factor in future appreciation of your real estate. You may be able to become debt free right away moving to the smaller city, but how well will your asset grow in value there? Having some debt is not necessarily a bad thing either and consider that interest rates are falling so the cost to service that debt is going down (if you have a variable rate mortgage that is). I too made the mistake of bringing up big financial decisions at the late stages of my wife’s pregnancy. You’d think I learned my lesson but I then did it right before she went back to work also (calculating what we could do with her again earning a salary). Big mistake. I think your plan is a good one, but you should also factor in future appreciation of your real estate. You may be able to become debt free right away moving to the smaller city, but how well will your asset grow in value there? Having some debt is not necessarily a bad thing either and consider that interest rates are falling so the cost to service that debt is going down (if you have a variable rate mortgage that is).

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