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Old 06-19-2010, 03:21 AM
flip_it_fast flip_it_fast is offline
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Default Mortgage Information

Let's face it, mortgage companies, banks, etc are in the business to get your money. Thats just a fact. They are not going to disclose what some disadvantages may be if you choose to get a mortgage through them. They are only going to point out the advantages. You have to take it upon yourself to make sure you have all of the information. You have to make sure that you are well informed about whatever sort of deal they are offering you.

Some of the things you need to know are the annual percentage rate (APR) of a mortgage, whatever fees there may be and whatever other terms there are.

NEVER sign anything if you don't completely understand. Always keep in mind that they are after your money. Don't let them scam you out of it. Make them explain every single detail of the contract before you sign it!
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