Here’s When You Should Walk Away From Your Mortgage ...Middle East

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Here’s When You Should Walk Away From Your Mortgage
All homeowners learn pretty quickly that buying the house is only the first step. Depending on the length of your mortgage, there are approximately 360 more steps to take, in the form of monthly mortgage payments. And that doesn’t include the other expensive steps—like paying for maintenance, property taxes, and insurance premiums. Suddenly you may realize you’re more house poor than you expected to be.Of course, there’s house poor and then there’s house poverty—when you can’t afford to keep living there and paying the mortgage. Half the country has reported difficulty paying their mortgage or rent this year alone, and the standard advice remains the same: Contact your lender, look into gove

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