Understanding home loans is a learning process, but be careful that you don’t get a crash course after you’ve already taken out a loan that you can’t repay. Remember if you are refinancing to pay off credit card debt that you are putting up your home to pay off mostly unsecured debt.
The first and most important step in understanding home loans is to ask all the questions you can come up with while the process is underway. Any lender who is worth dealing with will make time to answer all your questions.
Posted: Friday 9th June 2006, 4:39 AM
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