Buy the home or not?
We are currently in a home with a 2.75% mortgage rate and we pay $1800 a month. We decided we have outgrown this home and we are in the process of possibly buying another home. If we bought this house, the new loan payment would be $4800 a month with a 6% interest rate. It’s a nice home. Our dream home, and it would be a fantastic opportunity. Should we do it or would we be crazy. We want a new home eventually… any advice!? Husband makes about $250,000 a year. And I will be going back to work part time hopefully making around $2000-3000 a month.