- Mortgage lenders are required to give me the lowest rate available.
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- No matter what type of mortgage I have, as long as I continue to make monthly mortgage payments, my principal balance will fall every month.
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- With many types of mortgages, my monthly payment could go up a lot from one month to the next.
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- If the lender is willing to lend me the money for my dream house, I must be able to afford it!
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- I can always refinance my mortgage in the future.
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