This is the Ramsey Call of the Day, part of the Ramsey Network.

Jared starts us off in California this hour.

Hey, Jared, what's up?

Hey, how's it going?

Better than I deserve, man.

How can I help?

I'm glad to hear it.

Thanks for taking the call.

So our little situation here is families growing.

We have a three- and five-year-old, my wife and I.

And we just pretty much like to move into a bigger home.

We're in our first home that we purchased. and just need a bigger home, bigger backyard.

Well, I would say it's more of a want than a need, but I think you get it.

So the question is things that I've been kind of trying to figure out, should we sell

the current home and take the equity

and purchase a new home or save up for two to three years

and put down five to 10% for the new home

and rent out the current home?

Or just work on paying off our current home

as soon as possible, roughly maybe five, six years,

and then save up for another home to move into.

Cool.

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