The Big Move: I’m a widow, and want to move from Chicago to a warmer climate. But most of the homes I’ve found need a lot of work. Are there any cons to buying a new house?

Dear MarketWatch, I’m a recent widow, without any life insurance, and I have limited income. I have a home with an outstanding mortgage of $137,000 in Chicago. My monthly payments are $1,666.  I recently discovered that I may qualify for a Veterans Affairs (VA) loan, so I’m thinking of downsizing to a 3-bedroom ranch,…

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