A Mortgage is a good debt or bad debt?
Usually, when hearing the word, debt, it brings up a lot of bad images. Mortgages, however, are good debt, that’s because they build equity and invest value back into you. Good debt is typically debt that you pay and also helps you build equity. Bad debt would be things like rent and credit cards because once you spend that money, you’re going to get any other benefit.
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For more details on how to prepare and what to expect at your first meeting with a mortgage professional or if you are interested in getting started on your loan approval process, please contact our Hunter Home Loan Team at 727-315-1635.
Those who are feeling overwhelmed, or are Interested in learning more about loans we offer or loans approved with conditions Check out our resources here for agents or clients…We are here for YOU!