Finance Articles

Before You Get Suckered Into A Bad Mortgage or Refinance, Call America's Watchdog, The Free Mortgage Intervention For Homeowners With Good Credit

(PRWEB) May 29, 2007 -- America's Watchdog & its National Mortgage Complaint Center are warning all US homeowners to avoid the latest scams in the mortgage lending industry when it comes to financing or refinancing your home by calling them first, for a free consultation at 866-714-6466.

According to America's Watchdogs President, Thomas Martin, "I have never seen the mortgage lending industry as bad as it is today." Martin says: "Contrary to all the buzz from Wall Street; the mortgage industry and related industries are in very deep trouble, and many mortgage lenders are doing anything to survive, up to and including lie, cheat, bait and switch, etc."

He says: "Wall Street & Congress are trying to spin the nation's mortgage/housing woes into something thats getting fixed; nothing could be further from the truth. Mortgage Bankers are blaming the worsening crisis on mortgage brokers and mortgage brokers are blaming the worsening crisis on mortgage bankers. The reality is the typical mortgage is loaded with junk mortgage fees and or hidden fees. The average consumer has no chance to even see what is happening before its too late."

Said Martin: "Saddest of all, it's not just families, Hispanics, African Americans, Women, Gays, the elderly who are the most commonly targets of mortgage brokers or mortgage bankers trying to get the last nickel out of a unsuspecting homeowner or borrower. In many to most cases it also happens to white males, or couples with perfect credit. As a result of the mortgage industry's lack of honesty, America's Watchdog is offering a free telephone consultation designed to get a homeowner to a honest lender in their state before they even start the financing or refinancing process. America's Watchdog strongly suggests all consumers; especially those with good credit avoid the following tricks from desperate mortgage lenders."

America's Watchdog suggestions for consumers:

1. If you hear or see a radio, TV or newspaper ad that says "no points", or even with bad credit you can get a 1% mortgage. Its a lie. There are costs with all mortgages. Consumers should not confuse "no point" with "no fees". If it says no points, the translation is a higher monthly payment.

2. Do not under any circumstance get involved with a 1% start rate or "Pay Option Adjustable Rate Mortgage".

3. Stay away from Internet "pop ups" that say "rates at historic lows or let us find you a lender in your state." These ad gimmicks are the creation of "lead generation firms." Mortgage lead generation firms get paid between $500 to $1200 for leading you to the actual mortgage lender. The lender then just passes the cost off to you." Let mortgage firms fight and compete for you," another gimmick lead generation trick that will cost you.

Special Note: Attorneys Wanted
In order to assist the millions of US consumers who were gouged by a US mortgage lender; America's Watchdog would like to hear from attorneys and law firms that can assist individual homeowners who were taken advantage of in the mortgage process. With this information America's Watchdog will build a web site for consumers seeking legal assistance in their specific state. Tens of millions of US homeowners have been swindled out of tens of billions of dollars. Every Personal Injury, Plaintiffs, Consumer, Foreclosure or Bankruptcy Law Firm in the US should consider adding practice areas related to predatory mortgage lending.

According to America's Watchdog's President, "the mortgage disaster story has been under-reported by the news media. It is not just limited to sub-prime or borrowers with poor credit. America's Watchdog is talking about individuals with great credit who have been cheated or are about to get cheated."

Martin added, "this mess is going to get much, much worse. Within a year or two, many homeowners who recently financed or refinanced will be paying a higher monthly mortgage payment, they will be in financial trouble or worse, because a very greedy mortgage lender took advantage of them, and or sold them a bill of goods. If you are a individual or a homeowner about to finance or refinance your home please call America's Watchdog's National Mortgage Complaint Center for a free consultation related to what mortgage firm to use in your state and what mortgage product will suit you best."

You can contact the National Mortgage Complaint Center at 866-714-6466 or visit their web site at Http://NationalMortgageComplaintCenter.com . This program has specifically been designed for individuals with good credit.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

How To Choose A Good Investment Property Loan
Real estate investment is generally viewed as a lucrative career opportunity. But purchasing investment property does require a significant financial backing. Nowadays, however, the funds required to embark on a real estate investment career are easily accessible to many people in the form of an investment property loan. Therefore, you may begin investing in real estate, even if you are on a shoe string budget.

Personal Finance - Investing In Your Futurew
Investing to a lot of people is comparable to going to the doctor, you know you should but it's kind of scary, so you put it off. Does that sound familiar at all? Well, the thought that should be even more scary is what may happen if you don't start investing.

Mortgage Marketing to Realtors – Creating a Memorable Positioning Statement
Mortgage marketing to Realtors involves having a crystal clear position that establishes credibility, so that you can develop a consistent dialogue with prospects and guide them at every stage of the relationship building process.Declaring your position begins with creating a Positioning Statement.

NEFE, Colleges Educating Students on Personal Finance
New Online Resource Offers Relevant Information

The Basic Concept Of A Mortgage
If you are new to borrowing and are just looking for your first home, then you probably are unsure about how mortgages work, and what the various types of mortgages are. If you are about to get your first mortgage, then you need to know the basics of what mortgages are and their various features. Here is some useful advice on the basics of mortgage lending:

New Book Gives Answers to Mortgage Meltdown Woes
Foreclosures are reaching record levels, and homeowners want answers on what to do. Whether people have an adjustable mortgage or fixed, or even rent, this book gives practical and realistic solutions.

Mortgage Leads for Refinancing
If you are a mortgage broker or loan officer on the market for mortgage leads, your best bet for a quick turn around time on a loan is with the refinance leads.

Florida Mortgage For Easy Loans
Florida mortgage offers easy loans for monetary requirements. Mortgage is approved when property is assured as security. Property of the borrower is seized if the loan is not paid back.

Need Debt Consolidation? - How To Do It With A Cash Out Mortgage
Taking care of your debts can be done rather quickly by getting a cash out mortgage. A cash out mortgage is actually a first mortgage and it will require you to refinance your existing one. There are some real advantages by doing it this way - such as getting the lowest interest rate for any loan. Here is how you can go about getting that new mortgage for you debt consolidation.

Time Management Training - A Necessary Investment or A Waste Of Money?
Many organisations view time management training as something they'll spend their money on, only if they have to. Usually when pruning the company or department budget, training is often the first area that gets the chop.

National Truck Equipment Manufacturer Realizes Six Month Return-On-Investment with PlanetTogether Advanced Planning and Scheduling Solution
PlanetTogether, LLC provides advanced planning and scheduling solutions that maximize its customers' return on investment, with the successful deployment of PlanetTogether APS.net at Knapheide Truck Equipment Company of Flint, Michigan.

Auto/Mate Introduces New F&I System; Saves Auto Dealers Time by Integrating F&I Details with Accounting
Auto/Mate Dealership Systems, (www.automate.com) software designed by car people for car people as the most user friendly and cost effective, announced today the release of its new F&I system. The new module is offered as part of Auto/Mate's AMPS (Automated Management Productivity Suite) dealership management software. The new F&I system integrates the details of sales and F&I deals with accounting in a seamless manner, saving time and money by eliminating the need for manual follow up in the accounting department, and improving reporting capabilities.

CRA Qualified Investment Fund Bond Purchase Supports Award-Winning Mixed-Use Development in San Francisco: Environmentally-Sound Mission Creek Com
San Francisco, California's Mission Creek Senior Community, a mixed-use project funded in part by the CRA Qualified Investment Fund was recently named 2007's "Best Urban Project" by readers of Affordable Housing Finance, one of the nation's leading publications for developers and financers of affordable residential development. The award-winning project is home to 140 apartments for low-income seniors, as well as a number of community resources, including an adult health center, community room, and public library branch.

House Mortgage: Are They All the Same?
Choosing the right house mortgage that perfectly fits your budget and need is very crucial. This will decide whether you will be able to pay your mortgage for the next years. Thus, knowing first the different types of house mortgage should be the first step to take for a successful house ownership. Having said this, you now know that not all types of house mortgage are the same. They may sound similar or may look similar, but each has its own nature and modes of rate computation. Let us take a close look on the 2 types of house mortgage.