Planning to take the first mortgage or the nth mortgage of your life? Being complacent in the process can be dangerous. The fact that you hushed up as a triviality, may become the Achilles’ heel. Strict vigilance will be necessary to ward away any untoward repercussions on the future. Mortgage is a legal term with a heavy impact on the finances of the borrower. Ignorance of law is no excuse. There are frequent changes in the mortgage market with constant additions and deletions in the rules .