Kit Sigmon
Well-Known Member
Everyone I've spoken to seems to think that a mortgage is a good investment for a Christian. Is there such a thing as a good debt? If Christ died to free us from the debt of sin, won’t He desire that our choices do not enslave is to any kind of debt? Especially a financial one which is often quite burdensome? Would it make sense to be enslaved to a lender especially one that you cannot 100% guarantee to fully pay back? I do not desire to store up treasure on earth but yeah I cannot fully understand why anyone would take out a mortgage, and the truth is that most people are living outside of their means cos they cannot really afford to buy a house in this tough economy. Anyway, I would appreciate some biblical advice on this subject. God bless
I know some people who saved up their money and then went searching for fixer upper homes in the $25,000.00 price range... they would buy a place if it met their requirements and then they'd do renovations on the fixer upper.
They had no qualms about moving to different states or where ever, they just wanted an affordable house that they could live in as they did the renovations.
Which is similar to what me and my husband did...buy a fixer upper and sell it once the housing market picks up. We did that twice and by the time we sold the second home we had enough money to buy our next home without having to get a mortgage.
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