Why a 40-Year (or Longer) Mortgage Is a Terrible Idea ...Middle East

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Why a 40-Year (or Longer) Mortgage Is a Terrible Idea
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The dream of home ownership has never been more challenging in this country—home prices are soaring and interest rates are at the highest point in more than a decade. And even if you manage to find a strategy that lets you consider buying a house within your budget, the reality of home ownership is that it’s really expensive. Buying the house is step one—paying for that house is steps two through 360 (monthly mortgage payments).Getting those mortgage payments down to a more manageable level has sparked the rise of “non-qualifying” (NQ) mortgages with longer terms (they’re “non-qualifying” because they don’t fit within the guidelines set out by the Consumer Financial Protection Bureau, and th

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