Sell NJ Home or Tap Equity for NC Home Purchase?

[David Gomez]

I'm planning a move to NC and trying to make the smartest financial decision with my current home. Here's my situation:

• NJ Home: Worth $525k, $190k mortgage remaining, prime location in Bergen County with easy NYC access.
• NC Goal: Budget $600k or less for a new home.

My options are:

• Sell: Maximize down payment in NC, reduce debt.
• HELOC+Rent: Keep NJ property as an investment, rent for potential $3,300/month.

I'm interested in long-term wealth building. What are the financial pros and cons of each strategy? Any advice is greatly appreciated!


My current mortgage payment is $3023, and I have only 9 years left on my loan term.