In three to four years, Paula and Anders Eriksen could have their house loan completely paid off.
The couple, who live near Hammel, north of Aarhus, make monthly payments of several thousand DKK. And once the debt is cleared, those funds will translate into a feeling of greater financial freedom.
At that point, their only expense for living in their own home will be property taxes, which are cheaper than renting in the same area.
»Then we’ll be in control of our spending, without having to earn enough to pay loan interest. Being debt-free gives us more options,« explains Paula Eriksen, a 52-year-old social worker. Her husband, who is self-employed, is 51.
