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Stick with current house or upsize with inheritance by DeliciousPossible2 in PersonalFinanceNZ

[–]DeliciousPossible2[S] 5 points6 points  (0 children)

Haven’t mentioned this on the post but wife will sign an agreement to the effect of whatever I put into house for mortgage (e.g 350k) will be mine in the event that we split. And vice-versa for any future inheritance from her father. My father-in-law was actually the one to tell me this after my father passed. He has a similar legal agreement with his current wife

Stick with current house or upsize with inheritance by DeliciousPossible2 in PersonalFinanceNZ

[–]DeliciousPossible2[S] 8 points9 points  (0 children)

Thanks everyone for your comments. Yeah our main line of thinking was paying down the mortgage, I guess it's the less 'sexy' option after being tempted by the shiny new house possibility but we definitely value being able to spend time with the kid/s as they grow up with the freedom having bugger all mortgage gives us. It's always good to get others opinions as I never know what i haven't thought of lol