Originally Posted by DaveKerwin
long mortgages ARE killer. the borrower is slave to the lender.
Funny, I read an article today in the Wall Street Journal on home ownership that made an arguement against long term mortgages. You pay almost double to cost of your house with interest!
For example, a $300,000 house will cost you another $300,000 in interest. Crazy!!
Not really sure if I view that as a moral decision or not, but the Bible does say not to be in debt to another man. It gives them leverage over you.
I didn't even click the link above. I am at work and don't want to risk it. Will read it later.