How to Avoid Predatory Lending, Part III

Over the past couple of days, we’ve discussed the warning signs, as well as some common problems associated with “predatory lending”. When you’re shopping for a low-cost loan, it’s extremely important to know the right questions to ask of any lender, so that you can choose the loan that best suits your needs. Working with a REALTOR® like myself will arm you with the knowledge to protect you and your family and get you into the home of your dreams.

Of course you want to find the lowest mortgage rate possible and get the best deal. However, it’s also important to work with a lender who is ethical and who will work with your best interests in mind, rather than his or her own.

Ask these important questions:

• What is my credit score? Can I have a copy of my credit report?
• What is the best interest rate today? Do I qualify?

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Melissa DelGaudio
CHAMPION REALTY, INC.
Severna Park, MD

Office Phone: (410) 224-0600 Ext.: 623
Cell Phone: (410) 212-9316
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