Make sure you know what you're getting into by reading the fine print. There's plenty of blame to go around when we look for causes of the mortgage crisis. Part of the blame falls to borrowers who got into loans that they didn't understand.
Generation X Finance explains that people often sign loan agreements without understanding - or even reading - them. If you do this, you're responsible for whatever lies in the fine print, including high fees and rising payments.
Don't be embarrassed to ask about the contents of a loan agreement. The reason your lender has a job is to help you figure out the options and intricacies of loans - make them work for their pay by asking questions.
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