Beware of the following...

1.UP FRONT FEES...
THE ONLY UP FRONT COST SHOULD BE FOR AN APPRIASAL ON YOUR PROPERTY OR FOR DUE DILIGENCE. MAKE SURE THAT THE PERSON HAS A SOURCE THAT IS INTERESTED IF PAYING A DUE DILIGENCE FEE. YOU SHOULD NOT PAY FOR SOMEONE TO SHOP YOUR LOAN. YOU SHOULD NOT ORDER AN APPRIASAL UNTIL YOU KNOW YOU HAVE A LOAN IN PLACE. THIS COULD RESULT IN A WASTE OF TIME AND MONEY(ESPECIALLY IF YOU DONT HAVE GREAT CREDIT). THERE ARE WEBSITES THAT HAVE INFORMATION ON EXISTING COMPANIES TO SEE IF THEY ARE KNOWN FOR UNETHICAL BUSINESS PARACTICES. ASK ONE OF OUR EXPERIENCED REPRESENTATIVES ABOUT PLACES TO INQUIRE ABOUT SUCH INFORMATION.

2.ORDERING APPRAISAL....
DO NOT ORDER AN APPRAISAL BEFORE HAVING A LOAN APPROVED (UNLESS YOUR CREDIT IS AWESOME OR CONSIDERED"A" PAPER AS SOME "A" PAPER LENDERS REQUIRE AN APPRAISAL BEFORE ISSUING AN APPROVAL). YOU COULD BE TRICKED INTO SPENDING YOUR HARD EARNED MONEY AND LEAD TO BELIEVE THAT YOU ALREADY HAVE A LOAN IN PLACE. PREADATORY COMPANIES USE THIS TACTIC TO LURE YOU INTO A FALSE SENSE OF SECURITY WHEN IN REALITY YOU ARE WASTING IMPORTANT TIME AND MONEY. CREDIT CARD COMPANIES USE THIS SAME TRICK BY PROMISING FREE MACHINES IF YOU SIGN UP FOR SERVICE WHEN IN REALTY, THERE ARE HEAVY CANCELLATION FEES IF YOU DECIDE TO DISCONTINUE YOUR SERVICE. wHEN DEALING WITH PROJECT BASED TRANSACTIONS AN "MAI" APPRAISAL MAY BE REQUIRED. ASK ONE OF OUR REPRESENTATIVES WHAT THE NEEDS ARE FOR YOUR LOAN OR PROJECT.

3.PULLING YOUR CREDIT...
LOAN AGENTS WILL TRY AND CONVINCE YOU NOT TO HAVE OTHER COMPANIES PULL OR VIEW YOUR CREDIT REPORT. IN REALITY THEY DO NOT WANT YOU TO SHOP FOR THE BEST LOAN POSSIBLE AND WILL TRY AND CONVINCE YOU THAT IT WILL GREATLY LOWER YOUR CREDIT SCORE. YES, CONSISTENT PULLING OF YOUR CREDIT REPORT CAN LOWER YOUR CREDIT RATING YET IF YOU ARE WORKING WITH A COMPANY THAT HAS EXPERIENCE, THIS SHOULD NOT BE A PROBLEM.

4.RATE QUOTES...
IT IS COMMON THAT A LOAN AGENT WILL QUOTE YOU A RATE TO GET YOU IN THE DOOR. THE RATE MIGHT BE THE BEST YOU HAVE HEARD YET THE BIG QUESTION IS "HOW LONG WILL IT LAST"?  IN SOME CASES YOUR RATE CAN BE LOWER YET THE UP FRONT COSTS CAN BE HIGHER TO BALANCE THE INITIAL LOW RATE. ON ANOTHER NOTE THE UP FRONT COSTS CAN BE LOWER YET YOUR RATE WILL BE HIGHER TO BALANCE THE EQUATION AND JUSTIFY THE APPEAL OF THE LOAN.  YOU ALWAYS HAVE OPTIONS. ASK US WHAT YOUR OPTIONS ARE (IF THEY ARE AVAILABLE) AND GET THE MOST OUT OF YOUR TIME AND MONEY.

5.JUNK FEES...
IT IS COMMON FOR MORTGAGE COMPANIES TO ADD USELESS AND UNJUSTIFIED COSTS TO YOUR LOAN CALLED "JUNK FEES". MOST MORTGAGE COMPANIES DO THIS SPECIFICALLY TO INCREASE COMPANY PROFITS AND WILL BENEFIT GREATLY FROM A BORROWERS IGNORANCE. NOT ALL COMPANIES HAVE ADDITIONAL FEES DESIGNED TO PREY ON THE UN KNOWING BORROWER.  IT ALWAYS PAYS TO ASK QUESTIONS AND UNDERSTAND WAT YOU ARE PAYING FOR AND HOW IT WORKS.



CHECK BACK SOON FOR MORE INFORMATION THAT WILL HELP YOU GET MORE OUT OF YOUR FINANCIAL POSITION AND GET HELP AVOIDING SCAMS OR  MISLEADING LOAN REPS.

                    FOR A LOAN QUOTE OR TO HAVE A REPRESNTATIVE CONTACT YOU CLICK HERE