[berettafan]

whoa there bud! you said 'we have good savings'. i HOPE that is not your plan for paying for both mtgs if need be.

this would mean you're spending more than you earn and that would be bad. don't know about your r/e market but ours is in the ****ter big time. fair price or not the buyer pool shrunk a LOT (as you've seen by the financing issues your buyers have had).

note that Dan says he could've maintained the deal indefinately. this means he wasn't pulling from savings. this tells us that Dan was ALREADY being very conservative with his money. most of us buy as much house as we can afford.

again, don't know if this is where you're at but i thought it would be wise to point out why Dan's deal MAY be different from yours.