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Old 09-28-2012, 05:25 AM
Mike@Vossen Mike@Vossen is offline
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Location: Miami | Atlanta
Join Date: Apr 2011
Posts: 769
Mein Auto: BMW 6 Series
Originally Posted by dunderhi View Post
Thanks guys. Over the years, we've bucked the refi trend, such that when we refi'd to lower rates, we also shortened the loan terms and increased the monthly payment each time. So we went from 30yrs to 15 yrs to 5 yrs. Now we are in the final push with about two years of double payments to go. So when I hit 50 and Mrs D who is an undisclosed number of years younger will be debt-free for the first time since our 20's. At that point we may just go on a cash basis for all purchases. The ridiculously expensive car probably won't happen until retirement and the commuting to work is no more.
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