and Home Mortgage Refinancing
Online lenders are very popular these
days, and work well for borrowers who have done some
research on mortgage loans and are well informed. Check
with any company where you have an investment plan,
like mutual funds or retirement accounts. Charles Schwab
is one of the many investment companies that offers
mortgage loan products. Because the internet is fraught
with predatory lenders and unscrupulous companies, make
sure the one you use is reputable.
Be Careful When Selecting a Home Mortgage
To avoid being taken by the dishonest,
follow some simple rules. If the mortgage company has
to stick a flyer in your door, send you mail (especially
without a return address), call you on the phone to
sell you a mortgage, or visually assault you with popup
ads on your computer screen, consider them less than
above board. No reputable lending company would have
to do that.
If you think the representative you’re
talking to is rattling off some script designed to take
you to the cleaners, you’re probably right—follow your
instincts. Other warning signs are lenders who tell
you that you must sign immediately and fails to tell
you about your three days to cancel the agreement; unreasonable
promises by the lender; high rates, with the lender
claiming you don’t qualify for better ones; and a lender’s
failure to explain the loan to your satisfaction.
Protect yourself—gain knowledge of
the mortgage lending field and become an informed borrower.