Archive for May, 2008
Bi-weekly mortgage programs, are they legit?
Wednesday, May 28th, 2008Have you received an advertisement offering to save you thousands of dollars on your 30 year mortgage and cut years off your payments? With email “spam” becoming more pervasive, these ads are popping up with increasing regularity. But are what they’re selling legit, or just another scam?
Option-ARMs Carry More Than Just a “Cheap” Rate
Tuesday, May 13th, 2008Boy have I got a deal for you! Just pick this loan, pay only the interest each month, which by the way is only 1% (for a limited time only)! Oh but there’s just one catch…We’ll still be charging you the regular rate, and just adding it to the back end. Sure you’ll have to [...]
Online Mortgage Application Safety Guide
Thursday, May 8th, 2008It seems like a great idea, companies who will help you submit an application to mortgage lenders who are perfect for your situation. What could be wrong with that?
Plenty! Some lead generating companies will sell your information to dozens of companies over many months. Meaning you could be swamped with calls about your loan request, [...]
Protecting Yourself During the Mortgage Crisis
Monday, May 5th, 2008Since April of 2007 the mortgage and subsequently the housing industry has been in turmoil. You might ask yourself, “How can I protect myself.” First, if you plan on living in your present home for three or more years, don’t worry. By then things will be straightened out and values, which may [...]
Finally Protection for Consumers from Mortgage Companies
Monday, May 5th, 2008Welcome to MortgageChampions.org, we are now officially opened and look forward to protecting you and all consumers through their home mortgage purchase.
At last an independent organization is here to help consumers stand up to the, far too often, unfair advantage of mortgage lenders. Mortgage Consumer Advocates, Inc. (MCA), a Texas Non-Profit Corporation, is here to [...]
