Avoid High-Cost Predatory Home Loan Traps
Some unscrupulous lenders are using misinformation and high-pressure tactics to prey on vulnerable homeowners. There is no clear-cut definition of a predatory loan, but most experts agree this type of loan is the result of a lender misleading, tricking and sometimes coercing someone into taking out a home loan at excessive costs and without regard to the homeowner’s ability to repay. |
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