Home owners were flat out lied to by the brokers. I sat in on 2 meetings between my daughter and the broker. We both have college degrees. She owns a business. She was told that her low payments were due to her having such a good credit rating and lots of assets. She was given choices of monthly payments and told that the smaller payments came with a higher interest (hmm OK). Nothing was said about the balance getting bigger. She refinanced at standard bank rates. Her neighbors could not
Home owners were flat out lied to by the brokers. I sat in on 2 meetings between my daughter and the broker. We both have college degrees. She owns a business. She was told that her low payments were due to her having such a good credit rating and lots of assets. She was given choices of monthly payments and told that the smaller payments came with a higher interest (hmm OK). Nothing was said about the balance getting bigger. She refinanced at standard bank rates. Her neighbors could not
macpduff 2 years ago
Haha, nice title!
vinny1010 2 years ago