Kate (Caller)

Hi, how are you guys?

Good, good.

My question is, should me and my husband basically pay off our solar panels on our house before we pay off any of the rest of our debt?

Um, just to give you guys a little bit of backstory, my husband is making about 70 to $80,000 a year.

I'm in my second year of law school.

Um, so I don't have a regular income.

I have a couple of side gigs that bring in a little bit of extra money.

The question comes from, um, his, he bought a home with his ex-girlfriend, um, in 2021, she ended up leaving him.

And his parents ended up having to purchase the home to get her off of the mortgage.

Um, I don't know why they didn't necessarily lump the, um, solar payment into the cell of the house, but now she is calling us relentlessly and harassing us and degrading him saying that, you know, he's not a man for not being able to get her name off of this solar payment.

Yeah, we all went to high school together, so it's a fun time.

Oh, that's even more exciting.

So the solar panels, it's still $40,000.

It's at a 2.99 interest rate for 25 years.

Okay, and what other debt do you guys have?

So we're in about $95,000 of debt.

Besides that, we have a truck payment that she actually got repoed that was in his name.

We have a trailer for the railroad.

Okay, okay, keep going, sorry.

He works for the railroad, so we have a trailer that he stays in, and that actually brings in a little bit more of the income.