Summary: Planning to take out a mortgage? Are you aware of the risks associated with them? Take a look before making your decision. While mortgages offer numerous benefits, they are also risky to both borrowers as well as the lenders. The lenders take the risk of not getting repaid fully when they lend money. On the other hand, as a borrower, you can end up losing your money or even your home, if you happen to default on your mortgage. Almost all lenders whom you can find through FHA live transfer leads , are aware of the risks associated with mortgages. This is why they have follow strict underwriting standards while approving loans. However, not every borrower may be aware of these risks. Here are a few things you should keep in mind before taking out a mortgage: Additional financial strain Taking out a mortgage can increase your debt. You will have to pay up thousands of dollars every month depending on the size of your loan. Even if you are extra careful abou...