Quote:
Originally Posted by MichaelRoss
Two rules for buying property...
Rule # 1: Borrow less than you can afford. (If interest rates go up you are still fine)
Rule # 2: Do NOT use all your deposit. (You thus have Fall-Back money on hand)
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Don't have much to add - but just wanted to amplify Michael's 2 rules so that they don't get lost in his post.