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First time buyers are especially vulnerable to taking out unsuitable or expensive mortgages – simply because they haven’t the experience to know any better. This can lead to years of higher than required payments or penalties – so if you’re just taking your first steps onto the property ladder it’s worth looking around and comparing the many different types of mortgage deals and lenders. It could save you thousands in the long run.

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Posted by: mortgageadvice (male, mid-30s) (Posted 1/31/08)

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