I'm about to sell my current home. If everything shakes out how my realtor thinks it will I'm looking at at least $100k profit. I've already gotten a mortgage on another house that I'm moving to before I sell the current house. The new mortgage is within the 28% income rule for housing. I was going to take most of the profit from my current house and put it into the new one to get the monthly payment down. I'm wondering if I should instead just put it in the market. I currently don't have much invested at all. I'm 33, married (wife works), 1st kid on the way.
original posted by budsmelly to r/personalfinance on Thu, 07 Mar 2024 01:58:46 GMT.