with Angella Dykstra
I'm a mom of three, a professional accountant, and an amateur photographer and writer. I am not a marriage expert. But my husband and I take "Til death do us part" seriously, and here I'll be sharing how we keep our marriage strong while we both do that insane work-life juggle.
Check out my Work It, Mom! profile and my blog, Dutch Blitz.
My husband and I traipsed to our bank last week to sign our mortgage renewal papers and our banker told us that at the rate we are making payments, we will be mortgage-free in eight years. EIGHT YEARS.
(Side note for my American friends: I think mortgages are done differently up here in Canuckistan than in the U.S. Our mortgage is amortized over twenty years, but the terms (Interest, etc.) are renewed every five years.)
I remember when we first bought our house and opted for a twenty-year mortgage (as opposed to twenty-five) and I thought that twenty years was SO FAR AWAY. And now, we’ve only got eight years to go. Woah.
We bought our house in early 2001, before 9/11 happened and after that, the decrease in interest rates and increase in housing prices. We also bought a house that had been foreclosed on and got it for $70,000 less than the asking price. We have a large house, on an acreage that backs onto government forest and paid less for it than you can buy a one-bedroom condo for right now. Our timing was perfect, we just didn’t know it at the time.
If we were to be entering the housing market now, I think we would do our best to find a home we could buy, as opposed to rent. It’s something we’ve both had modeled by our families - you buy your home and build equity. I know that buying isn’t for everyone, though. Some people rent because they can’t afford to buy, some people like the freedom of not being tied to a house or a city, some just don’t need or want all of the upkeep that a house takes.
How about you? Do you own or rent? Do you have a house, townhouse, condo? What suits your lifestyle?
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