Allie Beth Stuckey

Do we keep renting or buy?

We are in Dallas.

I think right now if I'm renting, I'll just hold off a little bit more.

I think the market, the real estate market could get a little softer.

I notice even in our own neighborhood, there's more houses for sale this summer than there were last summer.

So that tells me that they're staying on the market a little bit longer is what it tells me.

So I think you can just watch it.

And also, I'm hopeful that interest rates will go down just a little bit below 6% in the next several months.

I'm hoping that.

So I would watch it for right now.

Now, this is another related question by Sarah, who says, should we sell home and rent to pay off all debt?

3% interest on current mortgage.

I would say no, that I wouldn't do that.

Now, obviously, I don't know your specific financial situation.

If you're in a situation where you can't pay your debt, your other debt, and it's just piling up and piling up, then that might be another problem.

uh you know another opportunity or another uh option to sell the home but if you can avoid that at three percent interest and you don't plan on moving anyway you're going to stay in that home then i would i don't think i would do that i look for other ways to do that if at all you possibly could if you needed to take a second mortgage out on the home at a little bit higher rate then that might be an option as well

and pay off all that debt.

And then you could take a second mortgage and might still even be able to deduct that interest as well.

So I just don't know that I would do that right now, but I'd need to know a little bit more about your situation.

If you want to email me on that, feel free to do that.