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In recent years, particular property owners was deceived and some homeowners gotten more costly fund than just they might afford

In recent years, particular property owners was deceived and some homeowners gotten more costly fund than just they might afford

Washington plus the states is always to limit, or perhaps limit, punitive prepayment charges, higher interest levels and you will fees, incorrect borrowing from the bank insurance coverage issues, and you can constant refinancing (“loan turning”) that doesn’t work with the fresh new debtor

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Users have to have state and federal cover so they understand the price of refinancing a mortgage compared with the expense of taking a new mortgage. Read the rest of this entry »

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