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Will you lose your home when interest rates go up?

Will you lose your home when interest rates go up?

A client asked me a few days ago, "Are interest rates going to go up? I am afraid I could lose my house". Unfortunately, the 2008 financial crisis still feels very recent, but much misinformation exists. And my answer to him was, "Absolutely not! You are locked in with an amazing rate, and your monthly payment will continue to be the same for the entire 30 years of your loan!". But let me explain a...

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