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  • Does the borrower have other assets?

  • Is the property easily saleable?

  • Does the borrower have sufficient net worth?

  • Can the borrower assets be seized?

  • Can his/her wages be garnished?

Unless a borrower exercises due care and attention in managing the obligation, he/she can lose everything that he/she has saved. Consequently the borrower

  • Would have bad credit rating;

  • Would lose his/her assets;

  • Would lose his/her home;

  • Would lose all of his/her savings;

  • Would lose the equity that he/she built through hard

work.

If you plan and manage carefully, your investment will remain intact. Your home, which provides security for your family, your future, will be protected.

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