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n High Interest Rates: Can be steep, particularly for these with lower credit score scores.
Fees: Origination, late cost, and prepayment fees can add up.
Credit Score Impact: Missing payments can harm your credit score rat
Creating a repayment plan is crucial. Consider restructuring your budget briefly or discovering methods to boost your revenue to handle mortgage repayments successfully. Lenders sometimes offer completely different repayment schedules, so choose one that aligns along with your monetary capabilit
n **Borrow Responsibly:** Only take what you need.
**Plan Ahead:** Ensure you’ll have the means to repay the loan on time.
**Keep Communication Open:** If you foresee any challenges in repaying, communicate along with your len
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