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Is upsizeing to a new mortgage a good choice?
Foster_Backslash
Posts: 1 Newbie
Hi there, newbie here! 
We planning on moving from our first house with my wife.
In the last 6 years our initial capital of 10k grown to (hopefully) around 50k once we sold the house. This is due to the fact that we choose a shorter time mortgage, with higher monthly payments as an investment, also the house price went up, and done some renovation as well.
We want to move to a new house, and we'd like to stretch our limits. We checked, and we can go up to 350k on a new home (which would be our long term dream home), and we could accommodate the monthly payments as well.
Would it be a reasonable idea to do, to max out out our mortgage limits?
We planning on moving from our first house with my wife.
In the last 6 years our initial capital of 10k grown to (hopefully) around 50k once we sold the house. This is due to the fact that we choose a shorter time mortgage, with higher monthly payments as an investment, also the house price went up, and done some renovation as well.
We want to move to a new house, and we'd like to stretch our limits. We checked, and we can go up to 350k on a new home (which would be our long term dream home), and we could accommodate the monthly payments as well.
Would it be a reasonable idea to do, to max out out our mortgage limits?
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