It's always important to fully read over your home loan contract and obligations. The below article explains how not doing so can cost you buckets of money in the long run.

Maybe you haven't had the best record in meeting all of your financial obligations with a few late payments here, a missed payment there. But, you managed to keep the lights on, kids fed, and put away enough savings to consider buying a home. As a result, you might not have the best credit score. And, it's that bit of red ink you dropped in the financial waters that has some sharks circling to make you a mortgage deal that you'll believe you can't pass up. Don’t get baited into making a bad home loan that can cost you!