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Loan Pitfalls
Everything you need to know to get lowest rate. Avoid mistakes for more savings. Find the Best Mortgage. |
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Avoiding Loan Pitfalls
Sub-prime mortgage lenders have coaxed eager consumers to buy or refinance their homes often with no money down, and at seemingly low interest rates. But now millions of homeowners are paying way more than they can afford.
Their dream of homeownership has quickly turned into a nightmare of foreclosure. And this nightmare is beginning to rattle the economy as a whole.
All the while, the government has stood idly by.
Be wary of mortgage lenders who are discounting rates. Ask yourself – “Why are they so hungry for my business?” The mortgage lenders who are stable and are more likely to be around tomorrow are less likely to discount
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