Q: Is it wise to own a home if we are relying on a single income only to make ends meet?

By Abbie Wolf | Published Nov 5, 2020

A:Those planning to live on a single income need to be realistic aboutwhat they can affordand leave plenty breathing room so they never end up in a position where they can no longer afford the repayments on their home loan. Bond repaymentschange every time the interest rates change so taking on debt to the hilt of what a household can currently afford is seldom a good idea.