I don’t know if this is the place to do this, but mods will delete if
it isn’t. We have about 30% equity in our house. It’s a little more
house than we need, although it is nice and in a nice area. We also
have $30K in consumer debt, outside the remainder of our mortgage. We
live on one income ($45K). We could move to a less expensive house in
the area and pay off the debt, or refinance and ride this horrible
house market out until it improves, not being able to save anything
and still have debt. The irony is that we have excellent credit and
fico score. It’s almost as if being in debt helps this? I guess if
you always pay your bills, it’s all good…at least that’s what my DH
says.
Anyways, I realize this is just an opinion, not expert advice, but
what would you all do?
thanks!
jill (newbie)