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STRESS TEST YOUR MORTGAGE TO ENSURE YOUR HOUSING COSTS WILL REMAIN AFFORDABLE

Posted on June 6, 2013
By Irina MarshallMortgage
Irina Marshall-stresstestmortgage

For those who are taking out a mortgage for the first time, knowledge of the effect of changing mortgage rates may be very limited. About one-third of first time borrowers expect the interest rate to remain the same over the next five years. Unfortunately, this expectation can result in loss of the home with even…

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