Great to have the surprise then! Yeah I hadn't checked it was in the bay area. So is your plan to retire there? Will you pay off the mortgage first or just pay it with investments?
I do not have a clear retirement yet because my husband has no intention to retire early...He is a workaholic..So maybe at some point only he works and I'll be a stay at home mom. However, if once he is on board with the early retirement idea, we may sell the house and move to a cheaper place to retire.
Our loan is 130k 4% HELOC and 910k 2.375% 7/1 ARM. We will pay off the HELOC using the cash, and then invest the rest of money. If we stay here for more than 10 years and the interest rate skyrocket, we may pay a huge lumpsum at that time. For now, we will invest the money.