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Real Estate Loan Tips

Posted December 2nd, 2007 by ucansue

Most consumers who purchased homes or condos from sub-prime lenders knew the time would come when interest-only payments would end and that the actual montly mortgage payment to which they agreed, would be due.  The truth is that 95%+ of the people that took out the loans and now have problems knew the risks. And they took those risks in order to live the American dream. 

For future reference, the following tips could serve as a checklist: 

1.       Only bank with reputable conservative companies;
2.       If it seems too good to be true, it is;
3.       Always ask about the worst case scenario.  If you cannot afford it now, don’t do it; and
4.       Never assume that things won’t go bad.
 

Filed Under
Money & Privacy Affordable Housing - Banking, Finance, & Credit Cards - Money Saving Tips -
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exercise your right

On September 28th, 2008 Payday Loan Advocate (not verified) says:

href="/blog/money_privacy/money_saving_tips/payday_loan_warning_the_personal_money_store_a_scam">Flathead_Machine_Screw
The so-called "Professional Blogging Team" at "The Personal Money Store" is up to some very sneaky tricks. Not only are they involved in predatory loans to poor people, but they are using predatory blogging in an effort to make it look as though they enjoy the support of consumer groups like UCAN.  More.

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