“My wife and I sold our home and we’re buying a smaller one. We’re using the proceeds from the sale to almost pay for our new home. We’re about short $3,500 short of the $300,000 we need to settle on the house. The mortgage broker we spoke to said his minimum mortgage was $100,000. Should we cash in our savings at this crazy time? Should we take the $100,000 mortgage and keep the rest? Any other ideas?”
Gene answers your neighbors financial questions on More than Money.
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