I'm having a disagreement with a good friend. I'm going to be selling my house the end of next school year and moving up north (I currently live in Central FL and will be moving to SW Indiana) to be closer to my grandsons (5 & 11). My bathroom stinks are rusted around the drain. My realtor said I should replace them. My friend thinks I shouldn't because the ...

Currently renting and getting ready to retire and move closer to children. Should I buy or rent? Will have social security, draw from 401b, and have enough in savings for a sizable down payment and otherwise debt free. I don’t like the idea of using all my savings so would probably need a mortgage....

My fiance has some money invested that her parents put in an investment account for her when she was a child. It is not in a retirement account so there is no penalty for withdrawing the money, other than paying capital gains. My question is this, should we leave the money to grow in it's investment account, or take it out (incurring the capital gains tax) a...

My wife and I purchased a 9 acre parcel just shy of a year ago and finding out that building in todays market is far more costly than first determined. Question is do we hang onto it and pay it off or do we sell it and find a home we can afford in the current market? We currently are living rent free with a relative. The timeframe for us staying with her is ...

We are trying to decide how to pay off our house. I'm retiring this year and have a decent retirement through work. In fact, if I pay off my house I will make about $900 more a month than while working. Here is the rub, we have about 280k in a 401k but owe about 190k on the house. If we pay the house off over the next six years using the 401k we stay un...

Does refinancing my home affect my credit?

We bought our home just over a year ago and the value of it has already risen significantly due to this hot market (close to 150k). The main floor of our home is in need of some pretty major remodeling. New flooring, baseboards, and doors throughout. Also needs a kitchen remodel and we'd like to knock out a fireplace that's in the middle of our living room t...

Hi, I sold my home in the summer of 2021 and moved into an apartment with my sister, so we share the rent. I also pay for 3 Uboxes (storage units), but the cost is several hundred dollars less than what my mortgage was. The rent will go up $300, so my portion will increase $150. Now my payment will be closer to my mortgage payment. I am willing to stay in th...

Hello, should I rent or sell my condo given it's a sellers market?

My husband and I are trying to buy out first home we have the 5% down and are looking at a 360,000 home with a mortgage of no pmi. Based off of his credit score I’m not currently working but I’m working on my master’s degree and will graduate next may. The payment is going to be pretty much half of his paycheck but there is a possibility that by the time the...

With inflation rising, is it a good idea to pay more towards the principal on my home? The interest is 3.25. My husband and I are retired and we have the extra income each month to pay more on the principal. Just wondering if it would be better to save the extra income or invest. We take the standard deduction....

I have been working hard to pay off my house. Now my parents would like me to move back home with them to help take care of them. They live in a different state than I do, I would have to sell my house and move there. So first I could use any advice on selling a house. Secondly, since I will move in with my parents and not be buying another house right away,...

I’m 56 ; I’m only 3 years into saving for retirement Bc I was a “sub” at USPS for 20 years and these years don’t count , nor do they contribute to my pension. I had to start over in life Bc of divorce 9 years ago . I have about 1k left on my home mortgage; I’m currently putting /matching my employers input in retirement; I am saving some each month and also...

My husband is retiring early from one job at 58 years old, but will continue to work full time. Is it wise to use a lump sum from his retirement funds to purchase a house? With no house payment, we would contribute to a new retirement account what we would have paid in a house payment. We are otherwise debt free!...

We are planning to build on our homestead property (owing about 20k). The cost of the barn with barndominium will be between 100-120k. We are still both working and living in city with a house payment. With the sale of our house (equity 70-80k low range) and savings for the future property we will be able to pay the barn. However we will first have to sel...