Mortgage; sign of a man?

[PyariCgudia]

@CM

And Islamic banking is infact not banking at all. They simply reterm Interest as something else like a fee or whatever. But it is still in reality interest.

Exactly. Do the calculations - all comes out to be the same.

Agreed with Mamaof3 - I’d rather take out a mortgage than rent, BUT that is ONLY under the circumstances: I have a steady job, interest rate is reasonably low, and the market is a buyer’s market.

You have to know WHEN to take out the mortgage, or else, of course you’re going to get screwed.

Ex. Dude who has a 30K job who has 5 mortgages on Condos and he’s playing with money that is being returned from the stock market…that’s a guy you should not marry.