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Pay Off Mortgage?
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<blockquote data-quote="59 Dano" data-source="post: 5625853" data-attributes="member: 23516"><p>All debt equals risk. All it takes is a job loss, medical issue, economy taking a turn for the worse, etc. to put someone behind the 8 ball. Even worse if you've got student loans or car notes to pay off, or if your equity:debt ratio on the house is lousy,</p><p></p><p>I know some people who talk about having a mortgage, a car loan, a boat payment, a 70k truck w/payments to pull the boat, student loans, and they talk like that kind of thing is normal and no big deal. All I can say is wow, they must like making payments to the bank!</p></blockquote><p></p>
[QUOTE="59 Dano, post: 5625853, member: 23516"] All debt equals risk. All it takes is a job loss, medical issue, economy taking a turn for the worse, etc. to put someone behind the 8 ball. Even worse if you've got student loans or car notes to pay off, or if your equity:debt ratio on the house is lousy, I know some people who talk about having a mortgage, a car loan, a boat payment, a 70k truck w/payments to pull the boat, student loans, and they talk like that kind of thing is normal and no big deal. All I can say is wow, they must like making payments to the bank! [/QUOTE]
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