Reply #56: You are lucky and I assume you are able to afford the payment now [View All]

[whistle]

...and right up until you make the final payment 25 to 30 years from now? No balloon payment coming say in 5 or 7 or perhaps 10 years from now? No periodic reviews where interest rates can be changed by the lender? No special conditional charges if and when you want to sell your home, or even pay-down the mortgage principle should your income warrant such a prudent measure on your part? How about if you credit score changes to some level less than what it is now? Or if you home owners insurance is canceled for any reason, or if the mortgage is sold to another company? Anything in any of those actions which could directly affect your monthly payment and possibly put you at risk? Does the mortgage holder have the right to call your loan at any time and make you pay the outstanding balance or risk foreclosure?