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I'm helping out my mom. Here is the situation.

80K life insurance.
95K mortgage (house is worth 200K)currently 1100 mo payment
25K medical bills
6K misc credit (car, credit card, bank loan about 2k each)
$1500 mo income from ss & military retirement.

Everyone I talk with just wants us to invest with their product. I need basic advice. What do we pay, do we pay down the mortgage. Obviously we need to refi the mortgage, do we refi or take a 2nd.

Right now my best guess is pay off all credit and medical bills, pay down mortgage with all of life insurance. That seems to give the most monthly expendable cash.

Am I missing something?

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