Never borrow more than your house is worth
Mortgages appear to be a topic in the news constantly. I turn on the TV and there is another mortgage crisis. It is familiar to me because I had my own recently. My advice and it seems others advise this as well, is to never borrow more than your house is worth. Wildly we were all given loans through our great credit! Now we are all paying dearly. With the recent slump in the market many are scrambling to break even with their mortgage debt and house value. Even if lenders don’t learn from this, let us. We have a choice and the choice is equity. Equity in your home is much more valuable than that third bathroom.