An option for me to buy a house has come up very suddenly and it seemed like a good idea at first - but I look at a mortgage and think “that’s 15 years I’ll spend paying back, at absolute minimum. Probably more like 25 years” - how can I possibly plan that far in advance?
So, how did you feel about getting a mortgage and seeing such a serious commitment stretch so far into the future? I’m mainly talking about the emotional side of things rather than financial
If your mortgage is less than your rent, do it.
Even if it’s more than your rent RIGHT NOW, do it.
Your mortgage will stay the same. The rent just goes up.
Well… mostly true. My mortgage has gone up because insurance costs are out of control and the incompetent party running the state refuses to do anything.