<prompt> Human: My mother had a question and I wasnt sure if I was giving her the best advice so I figured it would be best to pose it here.. We owe 130.000 on our current mortgage as well as a second mortgage with 25.000 still owed. Our home will appraise at about 255.000. Our realtor has offered to try to sell on Zillow and trulia only and just charge us a minimal fee for paperwork. We live in a community where houses sell very quickly and at top dollar so I feel like that option may work which would save us a lot of realtor commission.We are 53 and 61 and are looking to downsize so this would be our final move. Should we move now while interest rates are low or continue to pay down as much as possible and wait until my husband retires and the second mortgage is paid off?Please let me know if you need additional information current pay, retirement, etc. Im really just wanting to make sure we making wise decisions at this point in our lives  <response>: What I would want at your ages is to be mortgage free. So I guess it depends if you know where you want to end up and if you have enough profit money to make that happen without getting another loan. If I could own a great place suiting my needs and wants debt free I would hop on it in an instant.If you are both still working I see 2 ways it could go. One is as long as you are are living comfortably you could keep your current place and try to pay down as much of your mortgage as you can, downside is you will always be losing some money to interest. OR You can make your move and all your income goes to your pockets instead of interest, downside is you will not know if your current homes value will go up in 5 years or not. 