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I should also mention that employment will be a question mark at first, I do not know how long it will take me to find a job at the time of our move.

Have you checked to see if you will be able to get a mortgage without having a job/source of ongoing income?

Regardless, since your job situation will be unsure for a while, I would recommend that you use the proceeds to pay for the house and not get a mortgage. Once you have a job, use the money that would have gone to pay a mortgage each month to increase your savings and investments (efund, 401K, IRAs, college, etc.)

If you change your mind at a later date, you can always take out a mortgage at that time. In the meantime, you'll have the peace of mind that no bank can force you and your family out of your home (and that's a big piece of peace of mind!).


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