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<<<<We hope to build a home in the next 1-2 years. >>>>
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I myself would defer building as long as you have cc debt, but that's just me, especially since you say your DH's income will decrease.
Maybe this is a good time to see if you can compensate for the upcoming loss--certainly getting high interest cards paid off is a good start.

Use the snowball calculators doing each of your scenarios.

Also you can post your details and we might give better advice.

Also read old posts on this board.
I suspect you have expenses that can be cut or shaved down. You might read the older posts on LBYM.

Welcome, fellow Fool. Spend a lot of time reading the boards.

Molly


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