Why you might want to avoid a mortgage if you can’t afford it

If you’re in a bad place, you may be tempted to skip a home loan.

But you need to know that some lenders are starting to charge higher interest rates on loans with an adjustable rate, a term that lets you increase or decrease the rate based on your income, creditworthiness and your ability to pay.

Read or Share this story: https://usat.ly/1Mb9Kl0