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Interest Isn't Everything When it Comes to Mortgages

By the resi financial blog team, 26 June 2014

Other things to consider on home loans other than interest

If you have taken the leap, found a property you absolutely must have, and are ready to commit to a mortgage, think carefully now: you can move out and rent it out if you get bored, you can unload it on your unsuspecting children, you can even swap it for a boat - but that monthly payment is going to remain with you for a long time, unless you decide to pay out early, in which case you will most likely have some fees to consider as well. When it comes to selecting a mortgage, it is probably the most long-term decision you'll be making in regard to your purchase.

Of cou ...

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