Cashback Mortgage to buy a Condo

Frances01

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Hi all,

I'm planning to buy a condo worth $350K. I can manage a 100K now and for the remaining cost, I need to take a mortgage. I'm having a good credit score, about 750. So, hope it would be easy for me to get a mortgage of $250K.

My plan was to take a mortgage with cashback as I read some of the advantages of the same. Recently, I consulted a broker too to clarify the things and he could better convince me with the benefits of a Cashback mortgage.

But, my friend asked me not to take a cashback mortgage as he is suffering from the debts he has from such a mortgage. Now, I'm totally confused. Everyone is supporting me to take a cashback mortgage while my friend who is having an experience is discouraging me from the same! Does anyone over here have any suggestion regarding this?
 

Catherine9

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I strongly believe that you should listen to your friend's words. All these things as mortgage or loans are very dangerous. You can lose much more than you will take, so don't do it. https://canadian-free-slots.com/royal-vegas-casino.htm helped me when I was in the similar situation, I hope it will be useful for you too.