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Understanding the amortization schedule helps you visualize how your funds evolve and the way additional contributions toward the principal can shorten your mortgage time period and scale back total interest fu



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n High-Interest Rates: The elevated danger leads to higher rates of interest, which can be financially straining.
Potential for Debt Trap: Failure to safe employment or handle reimbursement may result in a debt cycle.
Shorter Repayment Period: These loans normally need to be repaid ahead of conventional loans, which can be cumbers



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