Browse Forums Home Finance Re: How big is your mortgage? 20Sep 18, 2007 1:01 pm 250k. We borrowed 100% of our purchase price because the missus and myself had been dirt poor students while at uni. We had enough money to set up and that was about it.
For that reason we bought the cheapest we could find that fit the bill. The only thing I regret about that choice is that it forced me to buy amongst public housing. The house is lovely actually and the people are ok but when the older ones next door pass I bet we end up with atrocious looking housing units built next door! I'll be looking to upgrade at the 5yr mark to avoid living next to that I think. Probably try to keep the place as a rental though, its in prime position! The other problem is that none of the neighbours work and they get rather jealous of us when we spend money on the house or ourselves Just makes life unpleasant for everyone. And because they don't work and rarely leave the house they are always watching us to see what we're doing.... whenever we go into the yard. Lack of privacy and stickybeaking bothers me Sorry I'm ranting. We were spending probably 50% of our graduate wages on the mortgage but now just under 12 months later its less than 30%.... which is nice and comfortable. Thats after tax too.... I don't know how people talk in pre tax dollars, its not money you ever get to see. Thanks mate. Yeah good points! Leaning towards Option 3 to get a bit extra space in the cabinets but not going too crazy high (and expensive). Would require a mini… 13 39719 Broker here - legislation says that every true broker must put the clients best interests before theirs so in theory they must offer you the best options for you on their… 2 46013 |