Know Predatory Loan Terms to Protect Your Home, Car, and Paycheck

Predatory mortgage loans are loans that come with high interest rates, and have many hidden fees, charges, and future interest rate increases. They come with adjustable rates that have extremely high caps, or worse yet, balloon payments at the end of the term equal to the original loan, with interest only loans. The predatory adjustable rate loan comes with a low teaser rate to start with, and then skyrockets later. Low information buyers often thought the low teaser rate was at or near the final rate, and were mortified when they received their new adjustable rate payment schedule after a period of time. Read More...

How Will A Barack Obama Change In The Government; Change Home Foreclosure Rates

Barack Obama plans to protect homeownership and crackdown
on mortgage fraud. Under our current federal government
administration home foreclosures have been the largest
since the great depression. If the administration changes
from Republican to Democrat what changes would they make
so this does not happen again.

Obama will crack down on fraudulent brokers and lenders.
He will also make sure homebuyers have honest and complete
information about their mortgage options, and he will give
a tax credit to all middle-class homeowners.
Read More...