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Eldercare
Reply to "50 and over. Have you paid off your house?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes. We paid it off before I started staying at home with my kid 5 years ago. Through aggressive overpayment and our 2 salaries over $150K (plus $70k from our parents), we paid off over $500K in debt in under 5 years. [/quote] Awesome, at what age did you do this? Or more specifically what age were your kid(s)? My current goal is to pay off mortgage and SAH as well within next 3-4 years.[/quote] I was about 40 when we finished and our first child was about 1 year old. That last year was hard, but worth it! We had an "interest only" loan which was terrible for some but really allowed us to pay down principal in advance before the penalizing huge payments from later in the mortgage became due. Best of luck to you![/quote]
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