Taking out a mortgage is a laborious task. It takes hours of preparation and volumes of paper. It’s easy to be overwhelmed when it comes time to sign. But your signature is a declaration that you have read and understood the loan. It says you consent to all the fine print in the contract.
But what is this fine print, and how will it ultimately affect you? Terms in a loan aren’t always explicit. It takes time to read and understand. There are several loan terms you should know.
