Have You Heard Of Teaser Loans, A Type Of Mortgage Loan?
Posted on March 25, 2009 at 3:31 pm
Today I was listening to the CSpan hearings and they mentioned a type of mortgage loan, called a teaser loan.
I've never heard of this type of loan before, but apparently it's a very unscrupulous mortgage loan.
Does anyone have details about this mortgage type?
Would appreciate information.
Posted on March 26, 2009 at 10:09 am
I think that mortgage companies in the US, have been allowed to use sneaky and underhanded (and even criminal) tactics for years to swindle Americans into bad deals.
People want to know why there are so many foreclosures on houses, well this could be the reason.
Bad loans! Sneaky crooks loaning money ot unsuspecting people.
According to one source, some new laws are going into effect by the year 2010 to limit these type of sneaky tactics that sucker people into these loans.
Posted on April 8, 2009 at 9:26 am
The other day, I inquired about a home and the owner wanted to charge me 10 percent interest rate. What a rip off!
Posted on July 15, 2009 at 3:55 am