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Buyer, beware of lender
Rates are low and the mortgage
business is booming, making the time ripe for scams. Here are some
important things to watch out for.
Don't
get tripped by mortgage tricks
Everything from unnecessary extended rate locks to hidden closing
fees await the unsuspecting shopper. Here are some of the most important
things to look out for.
It's
'buyer beware' when your credit is so-so
The market for subprime home loans is
confusing and full of potential pitfalls. Mortgage rates, fees and
terms vary widely from lender to lender. Here's how to shop when
your credit is less-than-perfect.
Bad
home equity loan can lead to foreclosure
Stripping, flipping and packing are examples of lending hazards
borrowers need to understand and avoid.
Fight
lending discrimination and win
Some lenders will try to take advantage
of you. Here's how to beat them at their game.
Minority
car buyers: Beware of extra financing markup
Two federal lawsuits say that car dealers and finance companies
charge higher interest rates to minority buyers. The higher rates
often take the form of dealer markup.
Posted: Feb. 2, 2001
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