Originally Posted by
myrkridia
You're correct! It wouldn't be a problem as things stand right now. The thing is, I wouldn't want to be in a position to rely on premium or perhaps no longer being able to upgrade if things didn't work out. Maybe I'm too risk averse but when old timers told me the stories of FOs buying million dollar houses only to get furloughed a year later, that stuck with me.
That's why you roll your acquired equity into your new house, yes the overall bill will be larger, but if it is the place for you to grow your family, lay down roots. Time will pass and the mortgage will seem less and less and with some extra payments you may even retire it earlier than you planned.
If all heck breaks loose and you feel overhoused, you can dump the place with the equity you have already involved but chances are slim that will be the outcome unless you are being completely overleveraged.
It really comes down to where do you want to live?