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Once you’ve finalized your home loan, you may think you've overcome the biggest home-related hurdles -- not quite. You now need to focus on maintaining and improving the appearance of your home -- and budgeting for that. Learn how to maintain your home using this basic tips list. You should make maintaining your home a priority to keep from incurring significant costs later. Use this annual checklist to help you spot problems before they become major issues: Bob Vila: Home Maintenance Checklist.

Another possible outcome of taking out a mortgage or home loan is the risk that you will not be able to make your monthly payments. If you find that you are unable to cover the cost of your mortgage, a foreclosure may be your only option. You should educate yourself on what foreclosure proceedings entail.

• The Survivors Club - Foreclosure Support Center
• About.com: Buying Foreclosures - How Foreclosures Work

If you do face foreclosure, know how it will affect your future credit options. Here are some resources that can help, if you or someone you love are facing foreclsoure:

• Topix: Mortgage Forum
• Mortgage Forums
• Mortgage Fit: Discussions
• Blog Catalog: Best Home Loan
• Foreclosure Fish: Blog
• Mortgage Blog: How to Buy a Mortgage (and not lose your mind)

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