Loans Information

Luxury Real Estate Information


Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties


Oceanfront Estate Near Trump National

Related Information


Loan Information
Real Estate Information
Mortgage Refinance Information

Top 10 Ways to Avoid Loan Fraud


Every year, misinformed homebuyers, often first-time purchasers or seniors, become victims of predatory lending or loan fraud. Below you'll find the top ten ways to avoid becoming a victim yourself.

1. Take your time and shop around. You should be able to compare prices and houses. If a lender or broker tells you they are your only chance to get a loan or owning a home, don't do business with them.

2. Do not sign a sales contract or loan documents that are blank or that contain information which is not true.

3. Be certain that the costs and loan terms at closing are what you originally agreed to.

4. Do not be talked into lying about lie about your income, expenses, or cash available for downpayments in order to get a loan.

5. Watch out for higher-risk loans such as balloon loans, interest only payments, and steep pre-payment penalties.

6. Be careful about disclosing things like your need of cash due to medical, unemployment or debt problems. You are very vulnerable in these cases.

7. Don't strip your home's equity by refinancing again and again when there is no benefit to you.

8. Beware of false appraisals.

9. Do not let anyone convince you to borrow more money than you know you can afford to repay. If you get behind on your payments, you risk losing your house and all of the money you put into your property.

10. Get several quotes from multiple brokers or lenders so you know you're being charged a fair interest rate based on your credit history, not your race or national origin.

About The Author

David Brumbaugh is the owner and operator of EZandFree.com, which provides consumers with online tools for easily obtaining free competitive Mortgage and Loan Quotes. It also serves as a mechanism by which Mortgage Brokers can obtain legitimate qualified leads from people who need their services.

Terms of Use

Copyright 2004 David E. Brumbaugh. All rights reserved. This article may be published in your newsletter or web site. It must be reproduced in its entirety including the biography and web address.


MORE RESOURCES:
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Forbes

Why You Should Rarely Pay Extra Toward Your Student Loans
Forbes
If you want to get out of student loan debt quickly, then paying extra towards your student loans might seem like a no-brainer. Pay more, watch the balance go down, avoid extra interest, and see the loans disappear quickly. However, for many borrowers, ...
Why Public Service Loan Forgiveness Is So UnforgivingNPR
The Public Student Loan Forgiveness Rescue Hasn't Gone Well So FarNew York Times
The Student Loan WhistleblowerKUOW News and Information
Consumer Financial Protection Bureau -IFAP - Electronic Announcements - US Department of Education -Government Accountability Office -Mass.gov
all 47 news articles »


The Real Deal

These were the top 10 outer borough loans in September
The Real Deal
Two of the top three outer borough loans recorded in September were for Bronx projects. The No. 1 loan was $115 million for Eastchester Heights, a complex spanning five city blocks in the northern part of the borough, while the number three loan was ...



VICE

Here's Fresh Evidence Student Loans Are a Massive, Generational Scam
VICE
Over the centuries, America has bestowed generous, state-sponsored privileges upon select classes of its citizens. Veterans and old people get free socialized healthcare—and, for the most part, they love it. Corporations (who count as people, look it ...



Forbes

Judge Orders Betsy DeVos To Begin Student Loan Forgiveness
Forbes
When the federal government forgives student loans - even if a college committed fraud - taxpayers effectively foot the bill. DeVos has proposed creating a new formula for student loan forgiveness, which would cancel a portion of a borrower's student ...
STUDENT LOANS Judge orders for-profit fraud protection be enforcedYoungstown Vindicator
Court allows Obama-era student loan rules to take effect, delivering defeat to DeVosWashington Post
Students defrauded by colleges can have student loans forgivenNBC4i.com
Inside Higher Ed -CNBC -Politico -CNNMoney
all 174 news articles »


Forbes

Here Are The 5 Biggest Student Loan Mistakes Of 2018
Forbes
No one likes to make a mistake. When it comes to your student loans, in particular, a mistake can cost you more money. According to Make Lemonade, there are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt. The ...



CNBC

Americans hold $1.5 trillion in student debt—here's how to know which repayment plan is best for you
CNBC
Paying off your student loans efficiently is most important than ever before. According to most recent figures from the Federal Reserve, 44.5 million Americans collectively hold $1.5 trillion in student debt. Even though college graduates have a huge ...



Bloomberg

The Student Loan Debt Crisis Is About to Get Worse
Bloomberg
Federal student loans are the only consumer debt segment with continuous cumulative growth since the Great Recession. As the costs of tuition and borrowing continue to rise, the result is a widening default crisis that even Fed Chairman Jerome Powell ...



Credit.com News (blog)

The District May Get An Agency To Make Student Loans Less Expensive
DCist.com
By WAMU's Meg Anderson. D.C. residents are some of the most burdened by student debt in the country. Now, a new bill seeks to lighten some of that load. The legislation, called the Student Loan Authority Establishment Act and introduced on Tuesday by ...
How New Government Policies Impact Student LoansCredit.com News (blog)
Student loan debt just hit $1.53T. Will the government forgive any of it?Fox Business

all 9 news articles »


Wall Street Journal

Banks Take Fight Against New Loan-Loss Rule to Washington
Wall Street Journal
Some banks are fighting a rearguard action to blunt the impact of a new accounting rule that revamps how they book losses on soured loans, and members of Congress are siding with the banks in their dispute with independent rule makers. The rule, which ...



Business Insider

The Bank of England is sounding the alarm on a quiet corner of the debt market now worth $1.4 trillion
Business Insider
The Bank of England on Wednesday raised the alarm about the growth of so-called leveraged loans in the UK, saying that the sector's rapid growth should be a cause for concern for policymakers and market participants going forward. In the bank's record ...
BoE warns over growth of risky corporate loansFinancial Times
Bank of England raises alarm over surge in high-risk lendingThe Guardian

all 12 news articles »

Google News

home | site map
TIGER MEDIA© 2006