The first few years of starting a family are the most difficult, both financially and personally. Not only will you be adjusting to your new role as parent, but also you have new family members to feed, clothe and keep entertained. With a high mortgage, caring for your new family can be daunting, especially if you need to drop to one income. Here are some tips for freeing up cash in your mortgage for those first few years:
Archive for the ‘Mortgages’ Category
A mortgage can be a scary beast. It can be daunting to think you owe hundreds of thousands of dollars and will be paying this debt off over 20-30 years. But there is a light at the end of the tunnel. Getting mortgage free sooner frees up your income for other things – renovations, travel, children and enjoying life.