<prompt> Human: My father had bought a house ten years ago and currently its undergoing foreclosure. I live in another house that he owns with my mothers side of the family. We are living there and paying the mortgage to live there. Hes had this for at least 20 years. I 26currently make about 70kbefore tax.Im 5k in cc debt. Have 1k in my account, with about 1700 in monthly expenses. My monthly take him can fluctuate between 3700-5kIm always being told to save for a home, but my income is not guaranteed because i could lose the job tomorrow and the market for my occupation isnt that great. Nonetheless Ive been considering having a mortgage with an aggressive payment plan 5 years to pay off or at least to pay the home where if i have to sell it i can make my equity more.Why or why not should i get a mortgage? Btw. I consider myself financially illiterate. What are the benefits. How can a home be considered an investment?  <response>: Why or why not should i get a mortgage?You should not take on a mortgage because: Im 5k in cc debt. Have 1k in my accounti could lose the job tomorrow and the market for my occupation isnt that great.You have debt and no savings. If you truly want to be a homeowner, get out of debt, save an emergency fund, and save 20 down for a house. 