Looking for a house in BC (Fraser Valley) - Half a million for what???

[andsoitgoes]

Originally Posted by Slick Fork

Stay away from a 40 yr mortgage... you'll never pay the principal off. Payments might be a little cheaper, but that's FIFTEEN more years. Just my 2 cents!!

Bi-Weekly payments!!

And we can always refinance once we're doing a bit better. It's not the best option, but if it's that or NOT owning (due to the debt ratio, etc.) - I'd rather own