Mortgage Debt Consolidation – What to Watch Out For


	Mortgage Debt Consolidation – What to Watch Out For

The AnswerMan

10-6-2009 2:15 AM

8 views

tags:

mortgage, debt, scams, pitfalls, loans

The AnswerMan says:

If you want to consolidate your debt go right ahead, but if you don't look out for these pitfalls along the way, you could be heading for real trouble. WATCH OUT!

Add a Comment

Login to Comment. Not a member yet? Sign up

Today's Top Clips

visit the Top Clips page

View the Top Clips from October 6, 2009

Embed This Clip In Your Site...

<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/bdef0eac-50f1-4741-b4e5-19570425dabc/B72B8B63-68B9-4A52-B038-187E06AEE108/" 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">Mortgage debt consolidation can be a smart financial move if you do it right and your financial situation warrants it. On the other hand, it may not be the smart thing to do. You should know that even if it may be the right move for you and your financial situation, you can (easily) make some mistakes and end up in a worse financial situation than before. </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">The Old Bait and Switch –<BR />Mortgage lenders aren’t the only businesses to be guilty of this little scheme. One thing that could tip you off that your lender may be a bit sleazy is if they treat your loan papers as a “living, breathing document”. That’s to say that the loan you negotiated may not be the one they set in front of you on the closing table. Even though you agreed to certain terms verbally, or got an offer sheet, it is still incumbent upon you to be sure the loan documents you’re signing reflect the same loan you agreed to. <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/B72B8B63-68B9-4A52-B038-187E06AEE108/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>

New from the makers of Clipmarks: Amplify.com - Don't just share the news...Amplify it!

Clipmarks: Home; New Clips; Top Clips; Dashboard

Popular Topics: News; Life; Science; Technology; Entertainment

Get Started: Sign Up; Install Clipping Tool; How Clipping Works; Clip-to-Blog™; ClipSearch

Tools and Resources: FAQ; ClipWeek; Top Clippers; Top Tags; Site Map

About Clipmarks: About Us; Contact; Copyright; Privacy; EULA

Search Options

Today's Top Clips