Being debt free is  the  ultimate financial personal goal for most people. There are  many articles advising us about re- financing to get out of debit, that we may automatically assume that debit is a bad thing.  However,  on the flip side , borrowing is not a bad thing,  its  being able to manage your debt.

BUYING A HOME

Many people cannot afford to buy a house without borrowing. A mortgage is a ernomous financial responsibility, a large debit, but it is a better financial proposition than renting.  Getting a mortgage is like having an investment for the future. It offers the prospective of living debt free in 25 or 30 years.  Furthermore, because it is secured against the value of your house, the ineterest rate is likely to be relatively low.  Be sure to speak with a Financial Advisor, how much you can afford to put down and how much of a loan you can carry.   The more you put down, the less you will owe, and the less you will pay in interest over time.