Ed Reid - ‘Mortgage Debt Should Not Be Longer Than 7 Years (Deut 15:1)’
By My Spirit - Love Not The World. [3ABN #27]
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SDA Statement: “...the Bible says that we are the salt of the earth, it also calls us the light of the world, but unfortunately many times the world is salting us more than we are salting it. And I'll give you this illustration: let's pretend like someone who does not believe in the Bible, or doesn't follow the Bible's guidance in his everyday living, wants to buy or build a house, how's he going to do it if he doesn't have the money? Well, he'll go to the bank and become qualified and get a loan. Unless he tells the banker different, the loan will be for 30 years. That's the typical thing in the US, but let's just say that a Christian, Bible believer, decides he wants to buy or build a house, he doesn't have the cash to pay for it, so he goes to get a loan, what will he do?
Well, the interesting thing is unfortunately the Christian will do almost exactly the thing that the non-Christian does, and that's get a 30-year mortgage, without a second thought actually, in spite of the fact that the Bible indicates we should not be in debt longer than...you know, don't you?