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Know The Risks Of A 40-Year Mortgage

Know the Risks of a 40-Year Mortgage

While it’s possible today to stretch your mortgage loan out to 40 years, this option is only a good idea if there’s no other way for you to afford a home. While it will work for some people, these mortgages generally come with higher than typical interest rates. Additionally, you’ll end up paying quite a bit more over the lifetime of the loan. Click through to learn more about the risks of a 40-year mortgage loan.

Image via Unsplash/Evan Dvorkin

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