Aug
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walkinandrockin asked:
Mortgage programs are not bad, but the way they are applied can be bad. Every mortgage program I have ever seen has benefits if used correctly.
Folks - It is not the programs, it is the use. Is a gun evil? No - only if it is used incorrectly is there an issue. The difference is that people do not get informed enough or rely on either an uninformed LO or one who simply does not care. I know of no programs that are scams
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Tags: Loan Mortgage, Loan Programs, Mortgage Program, Mortgage Programs, Scams, Why Do People
August 23rd, 2008 at 4:13 am
because some of them are
August 23rd, 2008 at 9:49 pm
because most of them are, especially targeting disadvantaged people
August 24th, 2008 at 9:34 pm
Because some are.
And some brokers have falsified documents or purposely misrepresented the terms.
While it is true that if an applicant reads and understands every piece of paper and has a lawyer review the documents before they are executed many do not.
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