Walk away from anyone suggesting that you lie on your mortgage application, by encouraging you to inflate your income or exaggerate your work history.
Don't sign any blank or incomplete mortgage documents.
Don't borrow more than you can afford.
Beware of telemarketers or Internet ads. These are scam artists' favorite sales techniques.
Don't give in to high-pressure salespeople.
Don't use lenders who want you to refinance your mortgage over and over again in a short period of time, charging you higher fees, points, interest rates and prepayment penalties each time.
Know the terms of your loan. Loans with low monthly payments probably come with a balloon payment and the remaining principal must be paid in full at the end of the loan term.
Beware of lenders who charge excessive fees and prepayment penalties.
Beware of borrowing through home-improvement contractors, particularly those who want you to use a specific lender they recommend. They're likely to charge you a higher interest rate and may even fail to follow through on the work.
--More on
Shady Lenders--
Posted on November 28, 2005 15:11 |
Financing / Loans
8 comments
|
Posted by Anonymous on June 02, 2010 12:06
omega the website should be collected in order to get the most excellent replica watches at the most competitive price tags u boat watches Be cautious in the buying process and try to find a watch that bears the best value u boat beritling To own a real admirable and desirable replica watch fake gucci watches its rational and quite necessary for you to do something before your actionThe world famous watch making company Panerai has obtained a prestigious renown in the whole watch making field since the very establishment two centuries ago fake watches cartier romain jerome omega romain jerome watches The company was founded by its founder Giovanni Panerai parmigiani watches Bearing its strong principle of creating high end replica watches with the highest quality and superb craftsmanship fake panerai fake hublot graham watches rolex watches the brand soon made a stir sensationally among those avid afficionadosDifferent from other watch makers ulysse nardin cartier Panerai does not be a aftermath watch maker omega watches beritling watches gucci watches piaget watches omega watches parmigiani watches replicas watches graham watches ulysse nardin tag heuer It purchases the watch locations from the precise Swiss watch manufacturers and then graham watches rolex watches graham watches omega