No. of Recommendations: 0
Just because you have $50K in equity, it does not mean that you will clear $50K from the sale. By the time you consider 6% real estate commission, repairs, and the cost of moving, it is easy to throw away $20-$30K on a $250,000 home. It also means that you would not have a downpayment for the next house which means paying PMI on the new property.

I understand the desire to have all debt paid off. Selling your home is not the best long term choice.

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