Spencer

Doing great. Hi, Dave. Hi, Jay. Thanks for having me on. Hope you're doing well. Got a question for you. So I'm currently on step two and expect to make it through step four within the next 12 to 15 months. But I'm looking ahead here and I've got kind of a unique mortgage situation and that's kind of what I'm wondering and kind of wanting some insight on.

Doing great. Hi, Dave. Hi, Jay. Thanks for having me on. Hope you're doing well. Got a question for you. So I'm currently on step two and expect to make it through step four within the next 12 to 15 months. But I'm looking ahead here and I've got kind of a unique mortgage situation and that's kind of what I'm wondering and kind of wanting some insight on.

Doing great. Hi, Dave. Hi, Jay. Thanks for having me on. Hope you're doing well. Got a question for you. So I'm currently on step two and expect to make it through step four within the next 12 to 15 months. But I'm looking ahead here and I've got kind of a unique mortgage situation and that's kind of what I'm wondering and kind of wanting some insight on.

So about four and a half years ago, my in-laws helped us purchase a house and essentially bought the house for us and they're our lender. And so we pay them a mortgage every month, which doesn't include any type of escrow or anything like that. But I set up the payment based on what we could afford and we're never going to pay it off.

So about four and a half years ago, my in-laws helped us purchase a house and essentially bought the house for us and they're our lender. And so we pay them a mortgage every month, which doesn't include any type of escrow or anything like that. But I set up the payment based on what we could afford and we're never going to pay it off.

So about four and a half years ago, my in-laws helped us purchase a house and essentially bought the house for us and they're our lender. And so we pay them a mortgage every month, which doesn't include any type of escrow or anything like that. But I set up the payment based on what we could afford and we're never going to pay it off.

And my in-laws have had that conversation with us and they're, they're in their late seventies now. So it's basically going to get folded into some sort of inheritance. Is it in my best interest to essentially avoid SEP 6 in this situation? I'm a little conflicted because it's not really in our best interest. So what do you owe your in-laws? So we owe them $348,296 right now.

And my in-laws have had that conversation with us and they're, they're in their late seventies now. So it's basically going to get folded into some sort of inheritance. Is it in my best interest to essentially avoid SEP 6 in this situation? I'm a little conflicted because it's not really in our best interest. So what do you owe your in-laws? So we owe them $348,296 right now.

And my in-laws have had that conversation with us and they're, they're in their late seventies now. So it's basically going to get folded into some sort of inheritance. Is it in my best interest to essentially avoid SEP 6 in this situation? I'm a little conflicted because it's not really in our best interest. So what do you owe your in-laws? So we owe them $348,296 right now.

I don't know that exactly. I've never had that conversation.

I don't know that exactly. I've never had that conversation.

I don't know that exactly. I've never had that conversation.

I would venture it's probably in the millions. I mean, he retired in his late 50s. And how many siblings does your wife have? She has one sister, older sister.

I would venture it's probably in the millions. I mean, he retired in his late 50s. And how many siblings does your wife have? She has one sister, older sister.

I would venture it's probably in the millions. I mean, he retired in his late 50s. And how many siblings does your wife have? She has one sister, older sister.

That's what should happen. That's something I've thought about, but it's certainly an awkward situation to have. No one ever wants to have that conversation.

That's what should happen. That's something I've thought about, but it's certainly an awkward situation to have. No one ever wants to have that conversation.

That's what should happen. That's something I've thought about, but it's certainly an awkward situation to have. No one ever wants to have that conversation.

That is the goal.

That is the goal.