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Advise Needed (not related to CD)

#1
Hey folks,

I really need your help. This is the story. I currently live in a small mid terraced house with no front garden and no hall, you walk stright into my living room and my stairs are in the living room.

We currently owe €232,000 on our mortgage and the house is worth €320,000. We own out €27,000 on loans. Today we looked at houses in Co Carlow (2 hours from where I live in Dublin) and a large three bed house brand new hall semi detached, front garden the works was €260,000. So we are thinking about buying it. But is it is such a move. If we do it with the profit we make on the house we could pay off the debt, bring down the mortgage etc.

It such a decision. It is not a mayor town and from the internet there does not seem to be alot of work in the area so we might have to commute to Dublin until I find anything. Also we would then have to pay for creshes where my mam minds my daughter now so we dont have any cresh fees
 
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#2
Dont do it just for the money, the old saying 'money can't but happiness'

Try writing a pros and cons list for both financial and emotional things so you can see. If you do this seperately then compare it.

I have found that since having kids i t has taken a long time to build up a good circle of friends and i would not give them up without a fight.

You could talk to a financial advisor about your current mortgage there are some good deals around modst of the time.

Best of luck, let us know what you decide
 


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