Originally Posted by Skinny
One thing about getting the house done first is that if you suddenly drop dead she doesn't have to worry about losing the house.
However, right now, I would not be keeping too much cash in any bank account.


At a 40,000’ level the vast majority of Americans can’t cover a $1,000 emergency let alone they have greater than $250,000 in cash in a single account.
The concern about banks for joeNjane citizen is nearly nonexistent.

Folks are acting like a $54,0000/$730 mortgage is super high scary debt and is absolutely scandalous…like someone else mentioned could literally work at Chick Fil A and make the monthly payment and if death is a concern any decent life insurance policy would be enough to also pay off the house.
Now if they owed $560,000 on a house and several other line items of debt that would be a different discussion.

You’re not going to lose a house with cash in the bank/money market.