Heather (Caller)

Great.

How are you?

Love it.

I'm doing great.

So my husband and I, we're both 33 years old.

We're having a little disagreement on how much to spend on our next house purchase slash house and renovation.

And I guess a little bit about us.

We have 625,000 in cash and we make a little under 300,000 a year.

We have two small children, and basically the disagreement is we started off saying we want to pay cash, but where we are in Birmingham, you know, these little 1,500-square-foot tiny homes are going for like over $400 a square foot, which I'm sure you all have seen that in Nashville a bunch.

And my thought is why don't we get, you know, a 15-year fixed mortgage paid off in two, three years, whatever it is,

and be able to buy a little bit more to last us maybe 10 years instead of five years, whatever that may look like.

And I feel like I've gotten him on board to get a mortgage, but he wants to pay it off in one year.

And I felt like the big picture of this is all silly, and there's probably people listening to this laughing at our question.

No, no.

Not even a little bit.

We're just getting more direction from you guys of, like,

how we should approach this because it's so different because keeping a mortgage for 15 years is just not even on the table.

Well, I personally think we probably need something to get us to

be in a house that's going to last us at that 10-year mark.

I kind of think we need something more like we can pay it off in maybe three years, like talk about like $100,000 a year.