Documents in Predatory Lending

How to avoid predatory lenders! – The Center for Responsible Lending is a nonprofit, nonpartisan research and policy organization dedicated to protecting home owners from abusive financial practices. They advocate fair lending through equitable treatment of all borrowers. Use the links here to educate yourself or find assistance.

Predatory Lending info by HUD – Predatory mortgage lending practices strip borrowers of home equity and threaten families with foreclosure,even possible homelessness.Here you can inform yourself on these practices so you will not fall into the same trap others already have.

The "Don't Borrow Trouble" Campaign – The best defense against predatory lending is education. Understanding homeowner rights and the homebuying process is an important first step in protecting families and their homes. This site by Freddie Mac, has some information on common borrowing mistakes as well as links to more information on the homebuying process.

8 signs of Predatory lending. – This page is for anyone looking into a new or refinancing a current loan. The center for responsible lending explains to the consumer the signs to look out for so you can avoid getting into a predatory lending situation.

Interest only loans and ARM's (Caution) – Interest only Mortgage payments and payment option ARM’s information by the Federal Reserve Board: This guide has detailed information on what you need to know if contemplating one of these mortgages for your home purchase. Be sure you understand the loan terms and the risks you face. If you're not comfortable with these risks, ask about another loan product.