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LampPro Tip 1/3
Financial CommitmentPlay
A mortgage is a long-term financial obligation, often 15 to 30 years. SlideBefore taking out a mortgage, consider your ability to make long-term payments.
LampPro Tip 2/3
Default ConsequencesPlay
Failing to repay a mortgage can result in losing your home to the lender. SlideIf they default on the mortgage, the bank may foreclose on their home.
LampPro Tip 3/3
Cultural SignificancePlay
Owning a home with a mortgage is often linked with success and stability in many cultures. SlideTheir goal was to have a mortgage by 30, as a sign of financial achievement.