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Reply to "First world problem alert, advice on large loan from family "
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[quote=Anonymous]I would just do 30 year to eventually get it over with. We bought our house for $615K 10 years ago and my husband is making us accelerate it to pay it off in 15 years. I'm sure you'll eventually want to be out of the mortgage sooner than later - you'll have kids going to college, etc. Our actual mortgage rate is the same as your family loan, but I get that interest rates are higher now. If I had to spread it out over 40 years, I personally would not buy the house.[/quote]
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