Beware of these home loans.(mortgage brokers and lenders are luring the borrowers to accept more risk)
Publication: Consumer Reports
Publication Date: 01-AUG-05
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COPYRIGHT 2005 Consumers Union of the United States, Inc.
These days, it can be easy to get a mortgage even for a home that seems financially out of reach. And homeowners can tap home-equity loans to finance everything from a Lexus to a trip to Las Vegas. But this is not such a good thing.
Many loans that mortgage brokers and lenders are pushing increase the odds of foreclosure by allowing borrowers to accept more risk than they can...
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