He has a house with a big mortgage on it.
People in my position are usually much older, with kids to support and a mortgage to pay back.
That's good news for many people, especially those with mortgages.
Each time, they bought a house with a 30-year mortgage.
At least with a mortgage you'll eventually own the property yourself.
With a mortgage on the home they finance her university study.
A family with a 30-year $250,000 mortgage will be paying $2,000 more per year in interest costs alone.
These days, everyone with a mortgage is feeling the interest rate squeeze.
I can understand with a mortgage you might take a risk of rather more than 10 per cent.
They own a $200,000 house with a $100,000 mortgage and have $300,000 in investments.
