The bible requires us to avoid getting into debt so is taking out a mortgage for tens, even hundreds of thousands of dollars/pounds then a sin?
2007-12-13 03:36:40 · 19 answers · asked by Anonymous in Society & Culture ➔ Religion & Spirituality
Presumably you are referring to in Romans 13:8, where Paul instructs believers to owe nothing but love. But think again, of the parable of the talents, where the man who was in trouble over his misuse of his one talent was advised that he could have lent it out at interest. It is wrong for a Christian to take on more debt than he can handle, but if he chooses to take out a mortgage with, perhaps, the safeguard of a mortgage protection policy, as the only means whereby he can afford a roof over his head, with every prospect of being able to take care of the debt and pay it off, especially in a market where property prices are rising, then there can be nothing objectionable about it. In fact, if building societies didn't grant mortgages, their investors in turn couldn't get a good return on their money.
You might be interested in this link. http://www.gotquestions.org/money-debt.html
2007-12-13 03:47:35 · answer #1 · answered by Doethineb 7 · 2⤊ 0⤋
Hi, no of course not. Some of us can only buy our home by taking out a mortgage. I think that being extravagant and going into debt for other reasons is very foolish but not sinful.
Such as buying unncessary things and holidays when the money could be paying for the everyday bills.
Having said that, people can get put in prison because they failed to pay their taxes. So i suppose that is classed as a crime.
I am taking out a mortgage and I do not regard myself as a sinner because i am not hurting anyone and i have all good intentions of making my repayments until it ends.
Wishing you the best of luck x
2007-12-13 04:38:50 · answer #2 · answered by Giselle is Well 3 · 2⤊ 0⤋
We have to find somewhere to live. The sin is usury I do not owing someone money is a sin nor do I think think charging rent on money borrowed (interest) is a sin in itself but charging draconian rates of interest and racking up penalty charges is surely a sin
2007-12-13 05:01:17 · answer #3 · answered by Scouse 7 · 0⤊ 0⤋
Oh for pity's sake!
The only sinful thing about mortgages is the interest rate.
2007-12-13 19:22:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Absolutely - but generally a necessary one.
Interest and debt are evil and turn free people into slaves.
The need for them sould be minimised as much as possible - encoraging any one to get into debt should be a criminal offence.
2007-12-13 03:47:34 · answer #5 · answered by P P 3 · 0⤊ 0⤋
You can pay cash. Also, Muslims have found financial mechanisms to buy a house without paying interest because the Quran proscribes paying interest. If they can find a way around religious proscriptions, so can Christians.
2007-12-13 03:43:23 · answer #6 · answered by Anonymous · 1⤊ 0⤋
Not at all, you are working to pay it back, and in this day and age a mortgage is security and providing a home for your family.
2007-12-13 19:07:57 · answer #7 · answered by sparkleythings_4you 7 · 0⤊ 0⤋
Usury is the sin you are talking about. This is preadatory lending to bilk money from someone, not normal use of financial instruments. No one would say that our current system of captialism is sinful, unless they are off their rocker.
Ath
2007-12-13 03:42:49 · answer #8 · answered by athanasius was right 5 · 0⤊ 0⤋
If it is excessive it is for sure. Going into debt up to your neck simply so you can live the high life would certainly seem to fit what you are saying.
2007-12-13 03:41:00 · answer #9 · answered by moonman 6 · 0⤊ 0⤋
yes mortgage companies deal in usury and usury is a major sin
2007-12-13 06:56:02 · answer #10 · answered by ummkhadijah 3 · 0⤊ 0⤋