To sell or not to sell...

In recent weeks we have tossed around the idea of selling our house... For a time there, we were unsure that we would be able to afford to keep it, but after a lot of phone calls, research, and thoughtful advice, we are still sort of up in the air. It almost feels like we've gotten a reprieve. I'll explain. At one point, we were worried about losing the house altogether so rather than chance that we decided to call an agent and list our house, when our tenant gave her notice, it seemed like the answer we were looking for and did go through with our listing. At the time, our mortgage company was being less than cooperative and it seemed that the only was to get around having to deal with them was to sell the house and consider renting for a while until we could get things straightened out. We looked at apartments and quickly realized that one, apartments where we live are, for the most part, disgusting and two, we'd almost be making the same payments as we are now... back to the drawing board. We then spoke with our Mortgage Broker. And he spoke with our lender about the treatment we had been getting... and magically we get a call from someone higher up apologizing for the way people had treated us. And then, the light at the end of the tunnel... If we wanted to renew our mortgage two months early, we would have to pay a penalty however, the interest rate we'd have to pay would be almost 3% less than what we are currently paying, which works out to a nearly $500/month savings. We couldn't rent for that! So now we have to cancel our listing.. rent the apartment and go from there. Some other pluses are that we stay in a great neighbourhood, our son starts school in the fall at a great school, and NO MOVING! Thanking God for providing everything that we needed and will need!