Wrights Business Research

Archive for the ‘Credit & Lending Products’ Category

When shopping for a loan, for references of people with low interest rates, demand satisfied with their lender. Avoid the hard sell, wild promises or radio spots call. You will also need the following precautions to guard against predatory lending:

Final form. Get multiple loan offers. Never accept the loan offer first. Store offers around two fifty-eight mortgage. Compare costs, interest and fees. Ask for a written list of costs. Lenders should be prepared to explain its cost to you and give you a good faith estimate before. At least one day before closing an application for a HUD-1 statement of expenses. If it is much more than expected, ask your lender to remove it. Do not accept extra “products” to try to sell at the last minute. Read the rest of this entry »