Thanks, I appreciate the info.
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Originally Posted by lookout123
just some thoughts. over the long haul real estate only appreciates on average <7%. the general market has @12%, on average. money trapped in equity does you no good, so if you can answer appropriately some of the questions above, you might want to consider restructuring.
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Yeah, we're thinking of trying to sock something away for the kids' college, and I have a feeling (though I'm not an expert) that the house is at, or close, to its peak value at least for this cycle.
(btw remember I said the house is worth about 2.5-3x the current mortgage balance.... not 3x what we paid for it!)