Recognizing Predatory Mortgage Lenders

A predator is defined as one that preys on others, which is why some lenders have fittingly earned the title as predatory mortgage lenders. Excessively high interest rates, questionable and/or hidden fees and high pressure tactics used to direct borrowers to a larger loan than they may be able to afford are trademark characteristics of a predatory mortgage lender.

Prey Verses Predator

When it comes to obtaining a mortgage, the rules of the jungle often apply. If you aren’t careful, you may find yourself in the grasp of a questionable foe. If you are someone who ha ...

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