His Wealthy Father Gave Him $250,000 To Put Toward His Mortgage, So Now He Wants To Keep The $1,200 He And His Wife Would Be Saving Each Month For Himself Instead Of Splitting The Profit With Her - - illustrative purposes only, not the actual people

This man is one of three siblings, and apparently, his parents are very well off. He’s also been married to his wife for nearly 20 years and has children.

So, now that he and his siblings are all grown up and have started families of their own, his father has decided to be pretty generous with his wealth.

Rather than waiting until he passes away to leave behind a lofty inheritance for each child, his dad has actually decided to gift each of his children’s families a whopping $250,000.

The only real catch is that he and his siblings must use their newfound money to pay off their home mortgages.

“And if the money pays off a house, we can spend any leftover money however we see fit,” he said.

Now, that amount of money will actually cut his and his wife’s mortgage in half. Then, once they refinance, they will start saving $1,200 every single month.

But, before learning about the $250,000, he and his wife always kept separate bank accounts.

“I pay the mortgage, and my spouse pays for everything else because it works out the same,” he explained.

“We split extras like vacations and things for our kids down the middle.” – – illustrative purposes only, not the actual people

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