Welcome to the Jill on Money podcast. It is Tuesday, February 16th. And if you would like to have a question answered about anything in your financial life, all you have to do is give us a holler. Our email address, it's Ask Jillill at jillonmoney.com, ask jill at jillonmoney.com.

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This is an email that we received from David, who says that he and his wife recently moved from California to Texas and

own a home in each state. We are preparing to sell our California home where we have about

$400 to $475,000 in equity. That's good. The Texas home has an outstanding mortgage balance of $640,000. It's a 3.6% 30-year

fixed rate mortgage. We expect to sell the California house in the spring. And given recent

interest rates, we are inclined to roll all of the equity from the California house into our Texas house during a refi.

Hmm, that's interesting. I wonder why.

I anticipate we would still have a 30-year mortgage, but obviously this would be a much lower outstanding amount,

$200 to $250,000 on the Texas house

when the transactions are complete.

We live in a growing part of Texas, but I doubt our house's value will increase as fast as the

S&P 500.

Investing that money in the market is probably the right move from an investment perspective.

However, and here we go, here's our however.

We both work full time.

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