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Discussion Starter · #1 ·
Hello! This is my first time posting here... so I hope I'm in the right place :smile2:

My wife and I have been discussing moving into a larger house. She is a stay at home mom and I bring home roughly $5,000/month. We have about $6,500 total in debt currently.

We've been talking about it and we aren't sure if we should pay off the debt FIRST and then buy a house or sell our house NOW and use the proceeds to pay off debt and put a down payment on a new home. Our house is worth about $180,000 and we owe $55,000.

We are just wondering what is the wise financial move in this case. We want to move just wondering about timing.

Thanks!
 
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