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Crystal (pictured) and Darren Linper erased their first mortgage young man, but with three kids and another home, they were back. Image: David Crosling
Crystal and Darren Linper eliminated their first mortgage by the time they were 30, but with three kids and a bigger house, they were back, they were back, and competed to clean up again.
The couple bought their first property at the age of 22 and lived at home with their parents to reduce costs.
The decision gives them room to repay a quarter of their loan as early as possible and remit every additional dollar to repay.
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By the age of 30, the mortgage had disappeared.
“It’s not charming. For over a decade, I drove the same Mazda, stopped bragging about salons, and we reduced our diet. We even gave strict weekly allowances every week.”
“Every other dollar goes directly to the bank.”
Mrs. Linper said her family upgraded as they surpassed their entry-level home, giving their three children more room with a new mortgage.
“We want the space to host friends and provide space for the kids,” she said.
The Victorian couple sacrificed their holidays, dinners and new cars to pay off their loans for 30. Image: David Crosling
“We know that means restoring debt, but we have always been strictly responsible for any other liability.
“No credit card, no HEC, no auto financing. The discipline means we can focus everything on collateral.”
Now, the couple’s goal is to reach 60 again.
Mrs. Linper said she was concerned about those who later entered the real estate market.
“People will do everything later, marriage, children, purchase,” she said.
Now, in a larger home, every dollar will flow to the bank again. Image: David Crosling
“But if you don’t get on the ladder early, you can’t save fast enough to outweigh the growth of your property.
“I know people in their 30s or 40s want a family home but can only afford a two-bedroom apartment. They are forced to compromise on the property itself or the area.”
Mrs. Linper said she believes that mentality is the most important.
For Lin’s people, home ownership is pride, stability for their children, and dreams are worth every sacrifice. Image: David Crosling
“The mistake is thinking if the bank says you can borrow X, you can afford X. It’s not true. You need a clear budget and honest conversation with yourself about the sacrifices you are ready to make.”
For Crystal and Darren, these sacrifices have always been worth it.
“Every time we buy, when you see the debt numbers, there’s a gut panic. But once you settle in, it empowers. You not only have to pay off your loan, but you can build the future.
“House ownership is stable for the kids, proud of what we have achieved and in the long run. Now, Australia’s dream is harder, but it can still be achieved. With plans, good budgets and willingness to not have, it can definitely be done.”
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