Old Project Avalon Forum (ARCHIVE) - View Single Post - Standing on moving ground; get out of debt

09-16-2008, 04:28 AM

That is 138,000 total debt including the mortgage.

It is all mortgage debt plus HELOC debt which went to
pay down the mortgage. In the current climate the HELOC
interest rate is less then the primary fixed rate mortgage.
We won't be strong A.R.M.ed out of our home, though we
may be unemployed out. That would be a sad day for the
country since I am a federal employee

We live on less then half our take home. The rest is split between preparations for what is coming and paying down the mortgage.

09-16-2008, 04:28 AM	#10
Baggywrinkle Guest Posts: n/a	Re: Standing on moving ground; get out of debt That is 138,000 total debt including the mortgage. It is all mortgage debt plus HELOC debt which went to pay down the mortgage. In the current climate the HELOC interest rate is less then the primary fixed rate mortgage. We won't be strong A.R.M.ed out of our home, though we may be unemployed out. That would be a sad day for the country since I am a federal employee We live on less then half our take home. The rest is split between preparations for what is coming and paying down the mortgage.