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This stance is predicated on interest rates. Taking out a mortgage is currently not the clear cut “right choice.” It might be the optimal choice, but consider,
by tired-turtle 3y ago
This stance is predicated on interest rates. Taking out a mortgage is currently not the clear cut “right choice.” It might be the optimal choice, but consider, for a loan issued today at over 6%, twice as much money over the lifetime of the loan will be go towards interest as will go toward principle.
- LapsangGuzzler 3y agoTrue, but you always have opportunity to refinance once rates come back down.