Anthony (Caller)
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Hey, Dave, how are you?
All right.
My question today involves, have to do with paying off a mortgage or saving up a down payment for a new house.
My wife and I are, we just became consumer debt free and we will have our emergency fund built up within the next two months.
And I just wasn't sure if it's better to build the equity in our existing mortgage.
I think we could get it paid off within that two to three year period or just save up a pile of cash.
It does.
$55,000 in 18 months.
There's student loans and a car loan.
Way to go.
Yes, ma'am.
Thank you.
Yes, either that or getting a sizable down payment for cash.
I don't know which one would be more beneficial.
We do have a one-year-old little girl.
We haven't really started anything on her yet because we're getting out of debt.