Sell, pay down or save: newlyweds assess home options

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Q&A: Porting a mortgage means you can lock into a good fixed rate now and bring it with you if you move homes

Keeping your options open as you consider buying a new home is worth considering. Photograph; iStockI am recently married, and my husband and I are planning to buy a house together in the next two years. I already own a house that I bought before we were married. We are debating if we should hang on to my house when we buy together, or sell it.

There’s a lot of change in your life right now, having recently got married and also considering another house purchase. Selling the current property might well deliver that and more, reducing the amount you need to borrow for the new home but it does mean you are losing a significant personal asset.

 

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