According to author Ron Burley, there are steps you can take on your credit and home loans.Place a security freeze on your credit reports until you are ready to apply for a loan. Each freeze and thaw costs $5-20. but it is well worth it.
Hire a real estate attorney to represent you when taking out a home loan. They can protect you from mortgage brokers who often have a conflict of interests.
If you do use a mortgage broker, ask and follow up on three references. Find out first how much they stand to gain from any loan they suggest so you are clear about the charges.
For more on money, visit 50somethinginfo.com
2 comments:
Good tips. I've never heard of getting a lawyer to look over a mortgage loan before. Do you have an article about the type of deceptions that mortgage companies use?
Try this website:
https://www.efanniemae.com/utility/legal/pdf/mtgfraudoverview.pdf
Hope it helps!
Post a Comment