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