Is it smart to to buy a house with mortgage?
Is it smart to to buy a house with mortgage?
- Yes, instead of paying for rent , you pay monthly for your house
- No, it is a big commitment for 20 years
- No, You should consider financial and maintanance costs of the house
- Other
- My brother bought a house with mortgage and he is a smart giy, so it must be a smart thing to do
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Only 20 years? It is till the day you die, way longer, and there will always be extra costs. Still can afford it if you are jobless, the economy is even worse and your house is half worth the price as you payed for it?
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This is a place for the ultimate advisor sentence: it depends.
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