Tuesday, May 23, 2006

Are You getting a High Risk Mortgage Loan?

Fannie Mae was fined $400 million for making high risk loans and doctoring their books. Many of the 100 LTV and Arms and Interest Only Loans push the limits of the borrower to the max. If anything should change with their financial affairs it could result in a serious problem for their mortgage. Do not let yourself get into that situation. Do your homework and make sure you can afford what you are buying. It can prevent a very difficult time in your future. www.rateinformer.com

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