The interest rates are at a historic low.
The governments and reserve banks across the world want to increase consumer spending.
There’s never been a better time to get a mortgage (or any other loan), they say.
Sure, access to cheap money can be a great incentive to borrow. But should you?
Before you decide to go ahead, it would be worth addressing three fundamental questions.
Do you really need it?
What are you going to do with it?
And most importantly, how are you going to pay it back?