If Mr. G saw a hundred thousand dollar home that his new wife would love to have, he may trade his 40 thousand dollar home, plus borrow 60 thousand dollars. The he is living beyond his means, simply put, A mortgage indicates you’re living beyond your means.
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Helpful articles and information at your fingertips. Canadian Interest Rate Forecast. Closing Costs The Costs of Buying a Home. First Time Homebuyers Guide. How to Save Money on Your Mortgage.
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