Study Up With These Consumer Resources
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Looking for potential land mines in your loan documents?
· The Federal Reserve and other banking regulators have created a brochure on interest-only and other exotic loans in their first effort to explain the mortgages that now make upa third of the nation's home-lending market. Most helpful of all: The brochure provides an extensive list of questions to ask the mortgage broker or lenders before signing a contract.
For more information, visit http:/
· The Center for Responsible Lending also has a set of guidelines and other consumer resources on its Web site at http:/
