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

LibertyLizard ,
@LibertyLizard@slrpnk.net avatar

I was a bit nervous at the time but looking back it was absolutely the right decision. If you’ve always been a renter, you can’t know the sense of peace that comes with knowing your home belongs to you and you can’t be evicted by someone else’s whim. I wasn’t aware of how it was weighing on me until I was free of it. Yes, I have to pay a mortgage but only a few years later it is much cheaper than local rents that I’d otherwise be paying. Overall it’s a much better way to live as long as it lines up financially for you.

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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