Mortgage Debt Consolidation - What to Watch Out Fro

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	Mortgage Debt Consolidation - What to Watch Out Fro

The AnswerMan

3-28-2009 1:36 PM

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tags:

mortgage, debt consolidation loan, warnings

The AnswerMan says:

When you're trying to get a mortgage consolidation loan there are some red flags that can warn you of a bad situation. Here are some of the ones to look out for. It is important if you're looking at such a loan.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/15a914fa-9118-441e-8502-40446db13095/8F653AFC-8196-4FAC-9D0C-31A3EF7743C6/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://opportunitiesaplenty.com/Debt_Blog/2008/07/_mortgage_debt_consolidation_what_to_wat.html" href="http://opportunitiesaplenty.com/Debt_Blog/2008/07/_mortgage_debt_consolidation_what_to_wat.html" style="font-size: 11px;">opportunitiesaplenty.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://opportunitiesaplenty.com/Debt_Blog/2008/07/_mortgage_debt_consolidation_what_to_wat.html"><P class="MsoNormal">Yes, you can still consolidate mortgage debt, or get a mortgage to consolidate debt, even though the number of available lenders seems to be....well that seems to be consolidating too, as this lender and that either goes out of business, or rethinks their strategy altogether. Are we going to have any lenders left?? <BR /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://opportunitiesaplenty.com/Debt_Blog/2008/07/_mortgage_debt_consolidation_what_to_wat.html"><P class="MsoNormal">Here are some pitfalls you'll want to watch out for when getting one of these loans. <BR /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://opportunitiesaplenty.com/Debt_Blog/2008/07/_mortgage_debt_consolidation_what_to_wat.html"><P class="MsoNormal">Mortgage Debt Consolidation Flag -</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://opportunitiesaplenty.com/Debt_Blog/2008/07/_mortgage_debt_consolidation_what_to_wat.html"><P class="MsoNormal">High, hidden, and inflated fees -<BR />You could well be required to pay some fees when getting one of these loans, but in many cases the fees go far beyond reasonable. On many occasions you'll be asked to pay points, but also many other fees, most of which go directly to enriching the lender. If you're getting a loan from a broker, and your credit is decent, don't pay an origination fee. <BR /></P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8F653AFC-8196-4FAC-9D0C-31A3EF7743C6/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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