My biggest recommendation for those who need to move but are sitting on 2%, 3%, and 4% mortgages is to hold on to those mortgages with your life! That kind of debt is just too valuable. Instead of selling your current home and buying one elsewhere, rent the one you own, and if you can’t buy elsewhere under those circumstances, just rent.
It may seem odd to rent a house when you own a rental, but who cares if it’s odd? It makes much more financial sense than selling a house with a 3 percent loan just to buy a smaller one in a worse area with a 7% loan.
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