Cashtration (n.): The act of buying a house, which renders the subject financially impotent for an indefinite period.
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2 comments:
Great definition!
For those who would like to save some money, consider term life insurance instead of the more expensive bank mortgage insurance. Term life can be bought in an amount to cover your mortgage, and does not decrease in value. Compare quotes online, and/or consult with your life insurance broker!
Term life insurance is a much better alternative to life insurance to cover your mortgage and less expensive also.
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