Go Big Go Home: Is Getting a Bigger Mortgage and Home Right For You?

Justin and Susan are a young couple who purchased their first home in Kelowna BC a number of years ago. At the time, it was perfect. They had enough space for the two of them to live and enjoy life comfortably. The payments may have seemed large at the time, but they’ve become more than manageable as they’ve both progressed in their careers.
However, they found as a number of years passed by, and they started having children, they were running out of room to accommodate their growing family. Two kids and their dog meant they had less room for themselves, and their kids were sharing a bedroom. Things were starting to feel cramped, so they started exploring the option of getting a bigger mortgage and home.
Maybe you’re in a similar situation. It only takes a few kids (or an in-law living down the hall) to make what once felt like a cozy home into a cramped space where you’re constantly trying to cram your stuff and all your kids’ stuff into every available nook and cranny.
Upsizing and getting a bigger mortgage can help you accommodate your current and future goals in life by giving you the space you need now, and the space you’ll need in the future. If you, like Justin and Susan, are considering upsizing your current home, we have a few considerations you may want to keep in mind.
Source: John Antle Kelowna Mortgage Broker