Real Estate Loan Tips
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.
Like what you see? Go ahead and show your support! UCAN is a truly independent non-profit watchdog organization, dependent on grassroots donations like yours!
Utility Consumers' Action Network
(619) 696-6966 or file a complaint about a company online.
Terms & Conditions
UCAN.org is made available by the Utility Consumers' Action Network to assist you in becoming what you always knew you could be, a consumer ROCK STAR! We take no corporate money, and are beholden only to you, the consumer. As such, the site is here for educational, advocacy, and empowerment purposes, as well to to give you general information and a general understanding of the law. Just remember this site is NOT here to provide specific legal advice. By using this web site you of course understand that there is no attorney client relationship between you and the Web Site publisher, UCAN. The Web Site should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
That said, get to digging on the site, inform yourself, speak your mind, and earn Watchdog Bones! This is YOUR site, and we mean it. So comment on any of the content, discuss the latest issues in the forums, file a complaint on a company with the fraud squad, and generally cut loose.
See our Privacy Policy and Copyright Policy, Some Rights Reserved
Post new comment