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Borrowing to Buy the Family Home! Good Debt or Bad Debt?

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Good debt right?

It’s the family home! The Australian dream! I will live there for years, raise a family and provide security. Better to be paying off my own house, then paying off someone’s investment. These are just some thought that come to mind. However, does that make the family mortgage good debt. No, they just justify the debt in our mind. The fact is the family home can be good debt or bad debt. That choice is yours.

The key to making the family mortgage good debt, is capital growth.

The fact is there are two ways to make money on property, rental income and capital growth.

Read full article here.

A.W.

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