👉 The mortgaging 600,000 phrase has a peculiar twist. A borrower wants to secure their home's equity. They've been researching mortgage rates for months but haven't found the right deal. So, they decide to apply for an adjustable rate, hoping it will be better than the fixed-rate. However, when they're still trying to figure out what they're getting into, they accidentally reach out for a loan with a 600,000 limit, which is far above their current financial stability.
The edgy example sentence: "I've heard that the mortgage rates are higher than ever before. This means my 600,000 loan could cost me more money to pay off each month."
