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Old 03-24-2012, 11:09 AM   #15
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Sonoran Bloom
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Join Date: Oct 2009
Posts: 928
Re: Reassure Me!

I don't know if you are a Dave Ramsey follower or not but even he says that mortgage debt isn't bad debt. He just doesn't want it for his family anymore and does encourage it to be paid off as soon as possible. Honestly, I think if you asked his opinion, he would say a 15 year mortgage beginning at your age would be just fine. Especially since it sounds like you are in good financial standing by being only 3 years away from being debt free including the house. That would be difficult to go from 3 years to the finish line to 15...so I understand where you are coming from. You may not be able to pay extra right away, but your income will rise over the years, you will find 'snowflakes' and if you have the drive, you will have that new house paid off in less than 15 years. :twocents: and the house and land are gorgeous! I pray that it works out for the best. Good luck!
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