question

iVillage Member
Registered: 10-10-2008
question
3
Fri, 10-10-2008 - 2:00pm
Just a quick question when figuring debt do you include your mortgage
iVillage Member
Registered: 05-16-2007
In reply to: jhorn44
Fri, 10-10-2008 - 2:17pm

I do not.


iVillage Member
Registered: 12-04-2006
In reply to: jhorn44
Fri, 10-10-2008 - 4:14pm
It's a personal choice whether you include your mortgage in your debt total.
A lot of the people around here do not include the mortgage in the total, mainly because including the mortgage, in some situations, makes the debt total too overwhelming to deal with.
Having said that, if I did have a mortgage (I don't at present), the balance wouldn't be included in my debt total, but it would be on my list of priorities for debt reduction.
Lyn

iVillage Member
Registered: 01-25-2006
In reply to: jhorn44
Fri, 10-10-2008 - 6:03pm

I do not include first mortgage in my totals but would include a 2nd or HELOC if I had one.