We are lucky to have decent salaries in an area where living is cheap. We found a beautiful house for a very reasonable price and decided to go with a 15 year note. Yes, the payments are pretty high, but I am looking forward to owning the house free and clear before my kids are out of high school. The way I see it , if the house is paid off, then if we sell then that much more can go to the down payment of the next one.
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