Home Equity Loan Information - Equity Grentree Home Loan Mobile Section

Equity Grentree Home Loan Mobile Navigation



Home Equity Loan Payment Calculator
Home Equity Loan
Credit Equity Home Line Loan
Conventional Equity Home Loan Mortgage Vs
Credit Equity Equity Home Home Line Loan Versus
Equity Home Loan Rate Suntrust
Home Equity Mortgage Refinance Loan
Chase Manhattan Home Equity Loan
Equity Home Implication Loan Tax
Home Equity Loan Refinancing
Beach Equity Home Loan Long
Equity Home Loan New Rate York
Credit Equity Home Line Loan Vs
125 Equity Equity Home Loan Loan Mortgage Second
Equity Home Loan Online Quote
Investment Property Home Equity Loan
Equity Home Loan Mexico New
Document Equity Home Loan No
Equity Home Loan Secured
Stated Income Home Equity Loan
Arizona Equity Home Loan
Home Equity Construction Loan
Equity Home Loan Minnesota Rate
Equity Home Loan Michigan Rate
Countrywide Equity Home Loan


Best Seller!

Guaranteed Bad Credit Financing
Receive a loan or credit card even with bankruptcy!
Buy it now!


Best Equity Grentree Home Loan Mobile products

Bad Credit Personal Loan Source.
Bad credit personal loans regardless of bad credit - up to $25,000

Loan Officer Program.
Work at Home Make $400,000+yr.

Mortgage Loan Tips.
Why some people almost always get the lowest interest rate on their mortgage - for the least points - and No Junk Fees!

Access Loan
15,000 Cash Loan - Even With Credit Problems.



Main Equity Grentree Home Loan Mobile sponsors

Equity Grentree Home Loan Mobile

 

Latest Equity Grentree Home Loan Mobile Link Added

Privacy

Amazon Affiliate



 

Welcome to Home Equity Loan Information

Equity Grentree Home Loan Mobile Article

Home Equity Loans – Research Your Lender Carefully
Charles Essmeier

Real estate prices are rising across the country, and Americans are tapping into their home equity like never before. Americans took out $431 billion in home equity loans in 2004, and that amount may increase in 2005. The reasons vary; some are using the money for home improvement, others are using the money to buy real estate, and some are taking reverse mortgages in order to enjoy a better retirement. With interest rates still near historic lows and the bull real estate market continuing, more and more predatory lenders are entering the lending profession.

Most lenders are honest, and prospective borrowers will probably not have any problems resulting from taking out a loan with a national bank. On the other hand, newer, smaller, and less honest lenders are advertising aggressively and may grab your attention by offering terms that seem more favorable than those offered by the larger banks. Sometimes, these terms sound too good to be true, and they often are. Here are a few things to watch out for when taking out a home loan:

  • A promised low interest rate “disappears”, only to be replaced with a higher figure on the contract at closing time. The borrowers, who expected to close right then and there, feel pressured to sign and often accept the higher interest rate.


  • Previously unmentioned fees turn up on the application at closing. Again, by presenting these previously undisclosed fees at closing time, the borrower is pressured to sign.


  • Blanks on the application form. It’s hard to believe that a lender would present a blank form and assure the borrower that the blanks will be filled in later, but this actually happens, and borrowers actually sign such deals. Remember, your signature on the form constitutes your agreement to the terms, even if the terms are filled in later.


  • These problems can be avoided by taking a few simple precautionary steps. Ask about the total fees and interest rates ahead of time. Inform your lender that you fully expect to see those same figures on the documents at closing, and make it clear that you will not sign documents that state otherwise. Make certain that you have provided honest information to the lender. Refuse to sign any blank documents. These things may seem obvious, but when closing approaches, borrowers tend to get in a hurry, as they are eager to get the closing out of the way. Borrowing against your home is not something to take lightly; you can lose your home if you unknowingly sign a predatory document. Take your time.

    About the Author

    ©Copyright 2005 by Retro Marketing. Charles Essmeier is the owner of Retro Marketing, a firm devoted to informational Websites, including End-Your-Debt.com, a Website devoted to debt consolidation information and HomeEquityHelp.net, a site devoted to information on home equity loans.




    Equity Grentree Home Loan Mobile News

    No item elements found in rss feed.