Moving 4 years before mortgage is paid off (Realtor, interest rate, credit)

[marid4061]

I posted in the mortgage section of this forum with more detail for some advice on making a move. I wanted a realtor's perspective on this. My husband and I are retiring in 3.5 years and we have 4 years left on the first mortgage and 6 on the 2nd. Interest rates are 6.25% and 9.0%. We plan to move when we retire and we can pay off both remaining balances at that time. From a realtor's perspective would it make since to move now while rates are so good or wait until then? We owe around $58,000 for the two mortgages if we sold now. Moving to our planned area in retirement is only about 20 minutes out from where we live now and doesn't add much to our commute for work. So moving now or after we retire does not impact that.

[adjusterjack]

DUPLICATE POST:


See:


https://www.city-data.com/forum/mort...l#post57348141

[2bindenver]

Now is good. Later could be good too. What is the market like?

[BoBromhal]

she says where she lives is very stable, the suburb is rising faster.

She expects to sell for about $275K, netting $190(?) after everything, and spend $300-350K.

OP, unless you have credit issues, then there's nothing wrong with buying now, given you also mentioned the issue about current income vs future.