Who knew mortgages were such a personal thing?
This article does a great job of breaking down the somewhat out dated ideas that one size fits all in the mortgage world. Some of the “truisms” are couched in seeming prudence and some are flat out wrong (ie. that you need 20% down to buy a home) and some of them are actually costly and damaging to follow depending on your personal financial situation. So give me a call and let’s discuss what mortgage principles best apply to your financial and non-financial goals so that your real estate endeavors can be rousing successes!