I remember when we first started looking at houses back in 2001. The whole experience of dealing with a real estate broker, real estate lawyer, mortgage broker and securing a mortgage with the bank were all new, and frankly intimidating experiences for my husband and I. Worse still we’d been hearing more and more stories about Mortgage Fraud in the news.
There were stories in the news about Mortgage scams where you’d be approved for a loan at very reasonable rates but before it was finalized the mortgage company would ask for fees for this or that, and then perhaps ask for more money stating that your approved mortgage wouldn’t be finalized until you paid the rest of the fees they were asking for at that time. There were other stories about hidden fees, people being told their month payments would be lower than what they ended up paying in the end.
I did my research and I used a Real Estate broker and Lawyer that had been recommended by a friend, but it was still an un-nerving process. I wished I’d come across personalhomeloanmortgages.com when we were buying our house. It would have made things a bit easier. There is so much information there, that I as a novice would have appreciated. There’s articles explaining mortgage brokers, Understanding home equity loans, Mortgage basics – called appropriately Mortgage 101. You can do local searches by city to search housing market trends, local mortgage and real estate related service provider listings.
You can visit their Financial Forum and talk with others about things like how to spot hidden fees, and which types of loans work best plus hundreds of other topics. You’ll feel secure when you use this site because all customer data is protected through SecureTrust.
If you’re in the market for a new home or looking to renew the mortgage on your home I suggest you have a look at this site and get some very useful and timely information that will help you make the decisions that are right for you.