Quote:
Originally Posted by maat55
What you do seem to get is that if they have a 900 payment on a 30, they would have 900 payment on a 15 year. They are not to pay the house off early until they have a fully funded EF and have 15% going to retirement. Also, Dave recommends that if you are aware of a possible layoff, you should build up more EF.
You have no idea what you are talking about. And by the way, anyone unemployed for three years is loafing.
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If you are aware of the layoff?! Gosh, I was aware of mine about 2 weeks before it happened. Good thing I took that time to sock away the big bucks.