Set in the San Juan Mountains, Purgatory Resort boasts 1,600 acres of skiable terrain and family-friendly fun.

A mortgage this long would reduce a home buyer’s monthly payments, but the interest owed would be much higher.

Let’s say your mom is 50 years old, makes $45,000 a year, has only $15,000 saved and no IRA or 401 (k) accounts. She’s ...