Memories before Responsibilities
or
How I finally Learned What Debt Ratio Meant.
I remember when I was a young boy, lying outside on the back lawn, looking up at the stars and thinking how cool it would be to have a tent.
Then I was a young man, lying in the back of my car, looking up at at the stars through the sunroof and thinking how cool it would be living in a house.
Then, when I was a slightly older man, lying in my bed in a house with 4 other roommates and thinking how cool it would be to have my own house, one without roommates.
 |
| His Retro Winnipeg Jets shirt only got him so far... |
But I had no idea how to start. I saw a 'For Sale' sign on a nice house, called the realtor and quickly hung up after she told me how much it was. I found out that the first thing I needed to do was find out how much of a house I could actually afford. I realized that I should be looking at something a bit smaller, like a stand-alone carport or maybe fulfill that childhood dream of getting a tent.
Discouraged, I began to learn the backside of home purchase; what a mortgage was, why that interest rate thing I continually heard about on the news was so important. How could someone on my relatively low income ever afford to live without roommates? So I made an appointment with my bank's financial consultant.
