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Getting a mortgage at 1% less than a conventional approach might seem like a great idea, but beware the future of interest rates if you expect to be in the house more than 3 to 5 years. If your income is rising and home values start rising again, then that 1% can look pretty good. But if the home price stays the same, or decreases; and your income stays the same or decreases; and mortgage rates begin to climb: watch out!;)
;)
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