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A Mortgage Can Be a Burden and Interest Rates Are Rising, so What Should You Consider Now?
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Banks have reported that longer mortgage terms have become more popular since it became possible to get a mortgage for up to 40 years in the summer. A long repayment period naturally offers the opportunity for a reasonable monthly payment, but experts also have words of warning. In short, it is about risk management, says Juha Beurling-Pomoell, Secretary General of the Consumers' Federation. “Risks increase when the loan term is long.” The artic…
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