If you’re considering getting a new mortgage and wondering just how large you should go. This post is for you. It’s kind of a catch 22 right? We want big, but the smaller we go the more financial security it gives us. Or does it?
Look, it has been ingrained in my mind for years that you shouldn’t take out a mortgage that’s going to make you “house broke”. I mean after all that extra money is money you can spend elsewhere, or save! Right? Well, the truth is it isn’t that black and white and there is also this gray area that you need to consider. [Read more…]