Most advice columns tell you what you should do, but just as importantly, there some things you shouldn’t do. Here are 10 frequent home finance mistakes that consumers make – and that you should avoid..

1. Don’t choose the wrong mortgage: With the advent of instant refinancing, home loans are no longer the lifetime obligations they used to be. Still, you don’t want to be saddled for even a short period of time with the wrong mortgage.

   Investigate all your options, then lay your choices side-by-side and do the math, making sure to compare worst-case scenarios. Be sure to look at initial interest rates, future interest rates and payments (if different), and the possibility of prepayment penalties.

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