Go Beyond MLS

In a recent press release Americas Watchdog & the National Mortgage Complaint Center strongly encourage homeowners to be on the look-out for the following mortgage scams:

1. You get a phone call saying your area has just been approved for 1% interest rate loans: The reality — it’s a lie. These types of loans are also called “Option Adjustable Rate Mortgages and should be avoided.

2. You are buying a new home from a national or regional homebuilder and they force you to use their mortgage product — or you will not get the homebuilder “bonus”: Think twice about it. Frequently homebuilders, wearing the hat of mortgage lender, charge much higher than market interest rates. The homebuilder gets a huge kick-back (called a yield spread premium) from Wall Street for doing this, & the home buyer gets a higher monthly mortgage payment. If you live in a subdivision or a condominium project where the homebuilder forced most owners to use their mortgage products, please contact the National Mortgage Complaint Center for a free consultation. Americas Watchdog will assist over-charged consumers-homeowners associations try to find better mortgage products for their members/homeowners.

3. You get a letter from your current home lender saying “rates at historic lows” or “we can refinance you with no points”, or you might see the same thing in the newspaper/Internet or hear it on the radio/TV. Its not true. There are always mortgage fees and you will end up with a more expensive monthly mortgage payment, if you go “no point”.

4. You see a TV ad that says, “let 100 bankers shoot it out for the lowest possible rate”:Not True. These lead generation firms will sell your information to the mortgage firms that “compete”.The mortgage lead generation firm gets about $1000 or more & the actual lender then passes this extra cost onto you. Only do business with the actual mortgage lender. Stay away from computer pop-ups, too good to be true advertising, and stay away from mortgage lead generation companies.

5. While there are very ethical real estate agents, many are now wearing two hats–one as a real estate agent & one as a “mortgage lender”. Even worse, many mortgage firms kickback “finder fees” to real estate agents (its illegal). The kickback then gets passed back to the unsuspecting homeowner in the form of higher interest rates, fees, or both. The National Mortgage Complaint Center strongly suggests that homeowners keep the real estate transaction separate from the mortgage transaction. Millions of Americans pay a higher monthly mortgage payment because the real estate agent received a kickback from the broker/mortgage lender, or the homebuilder gouged an unsuspecting homeowner with excessive interest rates.

The National Mortgage Complaint Center is not a mortgage lender. As the national leader in protecting homeowners from predatory mortgage lending they want to make certain that each homeowner or home borrower gets a fair mortgage. Homeowners or home loan borrowers are encouraged to call the National Mortgage Complaint Center prior to making a mortgage application so they can discover what their real options are & what honest lender might best fit their needs. Homeowners or borrowers are encouraged to contact the National Mortgage Complaint Center at 866-714-6466 for a no cost-no obligation free consultation. The web site is located at Http://NationalMortgageComplaintCenter.Com . Because the mortgage consultation is free, newspaper business or real estate editors are encouraged to tell their readers about this free service. Ethical & honest real estate agents are also encouraged to tell their clients about this very unique service. It is the only service of its type in the nation.

PRWeb:

The Homekeys expansion comes in response to hundreds of requests from Florida residents looking for relief. “By expanding our service areas, Homekeys is able to help more Florida homeowners save at least half the money they would normally pay in commission when they sell their home”, says Manuel Iraola, President and CEO of Homekeys. The team at Homekeys believes in offering sellers the broadest range of exposure and assistance options when it comes to selling their homes. “Each individual is unique and has different needs. They should be able to determine the level of involvement they wish to have in the selling process, without having to sacrifice service for savings”, adds Iraola.

South Florida builders offering new homes, that are ready to withstand the hurricanes, at affordable prices.

In yesterday’s press release H3 Homes described their new models:

Hurricane-ready with solid-poured concrete walls, engineered roof trusses with hurricane straps, and hurricane impact resistant windows, H3 Homes are safe and built to last. Every H3 Home also comes with high-efficiency Rheem air conditioning units and energy efficient insulation in all the walls (R-24) and ceiling (R-30). Outside the house you will find an oversized covered lanai with a summer kitchen that includes a grill, sink, and mini-fridge, a stamped concrete or paver driveway and walkway and a complete landscaping and irrigation package. The house also comes with a Mediterranean style barrel tile roof, textured stucco with Mediterranean style trim and crown molding, as well as decorative corbels and medallions.