Mortgages

I’m Miriam Neff and I’m Valerie Neff Hogan with Wise Women Managing Money.

M Christ followers have financial standards set in the Bible.  We pay our bills, restrict our debts, live godly, and give generously.  A common debt today is the mortgage loan.  Yes, this is permissible as the home has equity.  If you can’t pay that mortgage bill, the loaner gets the house. 

V Sometimes in that mortgage payment there are other bills included like property taxes and homeowners insurance. They can be added to the principal and interest.  Mom’s generation stretched to get that bigger home with the expectation that incomes would increase and the value of the home would increase as well.

M Times have changed. Home values can shrink as well as grow.  Research. Biblically based resources are available for these decisions.