An old man and a young boy were traveling through a village with their donkey. The boy rode on the donkey and the old man walked. As they went along, they passed some people who remarked it was a shame that the old man was walking and the boy was riding.
The man and boy thought maybe the critics were right, so they changed positions.
Later, they passed some people that remarked, “What a shame, he makes that little boy walk.” They then decided they both would walk.
Soon they passed some more people who thought they were silly to walk when they had a decent donkey to ride. So, they both rode the donkey.
Now, they passed some people that shamed them by saying, “How awful to put such a load on a poor donkey.”
The boy and the old man said they were probably right, so they decided to carry the donkey. As they crossed the bridge, they lost their grip on the animal and he fell into the river and drowned.
With a tear in his eye, watching his donkey being carried away by the current, the old man turned to the boy and said “Young boy, fools are the ones that listen to the world!”
While you might think that this story is about my father (the old man) and I, it’s not! In the story, everyone had an opinion about how the donkey should be used. Likewise, everyone has an opinion about mortgage financing and how best to go about it. Think of the conversation at the water cooler or the next neighbourhood barbecue.
Over the years I have observed that most people think of mortgage financing as being very static. In reality, mortgage financing should be viewed as dynamic and fluid. The advice and guidance being offered should be the result of understanding current economic conditions, market timing and most importantly, personal circumstances.
For guidance about your mortgage, please contact me here or book a call directly into my calendar below.
