A mortgage is an excellent way to overcome financial limitations and raise money that can be spent on buying a home or starting a business and any number of useful endeavors. However, choosing the wrong mortgage plan or opting for a lending option beyond your means of repayment can be dangerous and lead to property loss or foreclosure.

Are you in the market for a new home? If so, you’ve probably come across some good and bad advice, and sifting through it all can be challenging, especially when some of it contradicts other advice you’ve heard.