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The nice thing is that you can do both! You can up your savings while taking on a bigger than ever mortgage. A real example for someone who earns 50k per year w
by human 5y ago
The nice thing is that you can do both! You can up your savings while taking on a bigger than ever mortgage. A real example for someone who earns 50k per year would be to have 20k in a savings account while getting a 500k mortgage. You’d be taking advantage of the system and making more money with your debt than with your savings. That’s assuming inflation on the price of your house at 4-5% while paying 1-2% interest rate.