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NEW!
A consumers guidebook for
on how to avoid
predatory lenders and how to
obtain a loan during today's
volatile mortgage market.
Mortgages from the consumer
viewpoint:
How to avoid getting trapped
in a loan you don't want.
This book is intended for
all who may be shopping for
a mortgage loan with today’s
subprime mortgage meltdown
underway. You will learn
how predatory lenders can
defraud the unwary
consumer. The book will
examine various loan
sources; how interest rates
are quoted and misquoted;
the most important part of
your Good Faith Estimate and
how it can be used to fool
you; what the four main
government boxes really tell
you on your Truth In Lending
statement; how some lenders
will attempt to change your
loan documents; how to deal
with loan servicers who may
be miles from you; and six
common frauds committed by
unscrupulous predatory
lenders.
In addition, the reader
will:
Know how to compare
different sources for a
mortgage loan
Possess ten specific methods
to protect against fraud
when borrowing money
Understand the difference
between Note rate and Annual
Percentage Rate
Recognize what to do to
protect against fraud when
filing a loan application
Know how to protect against
fraudulent Note and Mortgage
modifications
Define predatory lending and
learn six popular loan scams
Become a better informed
consumer regarding mortgage
loans |
