Mortgages and financing

Borrowing, interest, down payments, and access to housing finance.

Issue discussion in preparation.

Principles

A loan changes when a home is paid for; it does not remove its cost.
Check repayment capacity under realistic interest rates, maintenance costs, and income disruptions.

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What does financing a home change?

The timing of payment and repayment obligations, not the fact that the home has a cost.

It removes the purchase cost.

It makes maintenance and interest irrelevant.

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