First-time home buyers: how did you feel about getting a mortgage?

An option for me to buy a house has come up very suddenly and it seemed like a good idea at first - but I look at a mortgage and think "that's 15 years I'll spend paying back, at absolute minimum. Probably more like 25 years" - how can I possibly plan that far in advance?

So, how did you feel about getting a mortgage and seeing such a serious commitment stretch so far into the future? I'm mainly talking about the emotional side of things rather than financial

Delphia ,

Property generally increases in value while you pay it down.

My wife and I bought a $400k 3 bedroom flat near the university 8 years ago and we were both scared as fuck. paid $100k off it and just sold it for $600k

That $300k cheque we just used for the downpayment on building a "how do people afford these houses!?!" Thats going to cost $800k. But really our mortgage is only going to go up 20%

Rozz ,

There isn't really much choice and people have been doing it for a long time including my parents so I just have to assume it's part of adulthood and accept it and try not to let it hang over my head.

Unless you make a lot of money or have help, you will probably have a mortgage if you want a house.

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