Hi, welcome
I've had several homes previously in debt to high levels in my 30's. My daughter has last year also purchased land and have moved into their new home- with high debt.
I think regardless of your purchase, you've made a wise decision. See, wages rise due to inflation say 3-5% a year and interest rates fall (eventually). My daughter and her husband are $85 a month better off with the recent interest rate drop 2 weeks ago!. And thats on one wage. Significant.
So these two factors result in, over time, more usable income and therefore more financial comfort. It does mean tightened belts for the first 5-10 years but its worth the pain.
Being wise with expenditure is the better way to go also. We recently stopped buying soft drink and purchased soda maker and saved heaps monthly. cooking cheaper meals doesnt mean they cant be tasty too. Reduce restaurants and invite others over more often. Grow plants with cuttings from neighbours. It all helps.
Congratulations on your big decision, try to contain your anxiety and guilt. Worry doesnt produce anything but ulcers....
TonyWK
