Enacted in 1968, The Truth in Lending Act came into being for the sole purpose of keeping borrowers from falling victim to predatory lenders. The law mandates that lenders are responsible for making sure that consumers are aware of what they are agreeing to when they borrow money.
 |
Home Loans - Knowledge from e-wisdom.com |
Understanding the Truth in Lending Act
Enacted in 1968, The Truth in Lending Act came into being for the sole purpose of keeping borrowers from falling victim to predatory lenders. The law mandates that lenders are responsible for making sure that consumers are aware of what they are agreeing to when they borrow money.
Surviving the credit crunch with dignity
Avoiding excessive debt is not something that you can simply wish for, but rather it is something that you must strive to achieve. Unfortunately, this is not an easy task, nor is it going to become any easier with the number of fall-out issues that have developed in reaction to higher fuel prices and the credit crunch.
Get your finances in order for home buying and selling
It is in your best interests to get your finances in optimal shape before considering either buying or selling a home. If your finances are in good order, there is a much better chance that things will go your way in the buying or selling process. Learn more about what you can do to prepare for either situation.
Important mortgage terms to understand
Posted in:
Home Loans,
Personal Finance
Whether you are a beginner or an expert (or somewhere in between) when it comes to home mortgage loans and home buying, taking a quick refresher course on important mortgage terms is always a good idea. These home mortgage loan terms are a good place to start (or restart ) the understanding process.
When is the right time to refinance?
Posted in:
Personal Finance,
Home Loans
When is the best time to consider refinancing your mortgage? There are many different situations that could make mortgage refinancing a tempting option. But is refinancing always the best choice? Get sound advice on how to approach your home refinance situation and how to determine the best course of action.
Three things to expect from the housing market
Posted in:
Personal Finance,
Home Loans
The decline of the housing market after a great boom in real estate is still being felt across America. Buying a home is a big decision and one that most people do not take lightly. Watching the housing market and focusing on what you can do to help your cause will help you to find the right time to buy.
