Hi Karen:

I keep trying to think of a way that you might turn these events to your advantage.

One idea, if you know you are going to move in a year, might be to do what a friend of mine did when he retired, but of course, this only works if you know where you are moving to.

What he did was bought the house he was going to, well before he retired, then rented it to another couple, which gave him the rental income for that period before they moved. He also got the new house at a cheaper price than he would have if he had waited, and also he was able to have more time to look for the new house, in a less stressful situation than he would if he waited, and had to deal with leaving one house and getting another.

Wonder if that might work for you?

Especially in this current economic climate, with houses at a 30 year low or whatever they are right now. Prices are pretty much guaranteed (well, as much as a guarantee that you can ever get) to go up from here, and banks are certainly in a bad way, so would be more likely to give you a lower interest rate-

Also occurs to me with your husband still employed at the University, that would likely make him a better candidate as a lower-risk prospective buyer, and things could be different a year from now, when his job ends

Just a thought!

Hoping it will work out for you!!


Dow