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Reply to "15 year vs. 30 year mortgage"
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[quote=Anonymous]We did it 11 years ago and I'm so glad we did. Our loan will be paid off just as DS1 starts college, freeing up money to pay college tuition. We have saved a lot for college, but having no mortgage payment will be huge in terms of financial breathing room. I'll add that my DH has developed a chronic illness and it gives me great peace of mind to think that if he becomes disabled, having no mortgage payment means that we will be ok and that I can support the family on my own. [/quote]
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