As a mother of two young children, I used to have sleepless nights thinking about our six-figure mortgage.
My mind would run wild with thoughts.
'It's normal, everyone has a mortgage.'
'My parents still have a mortgage. This is fine.'
'Our friend has a much higher loan. If they can manage, we can... but can we?'
In reality, I didn’t want a home loan at all. (I mean, who does?) I wanted the freedom for my husband Jake and I to take time off for a holiday and to not stress if our children fell ill.
But the fact was we couldn’t do without one. After we were blessed with conceiving twins, we upgraded from our two-bedroom half renovated home to a five acre property with plenty of room for growing.
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When we initially bought our new home in March 2020, we began with a $615,000 home loan - more than double what we were initially paying for our two-bedroom home. On top of that, we now had two little people to feed and look after.