Home Equity Loan Rate: Watch out!: Introduction

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Wednesday, August 16, 2006

Watch out!: Introduction

Understand risky loans before you agree to one. And watch out for these common loan scams.

This chapter deals with common but risky types of loans, such as balloon loans and high loan-to-value loans. They're perfectly legal, but dangerous if you don't know the consequences. The rest of the chapter covers loan scams and what you can do about them. Did you know the Truth in Lending Act provides a right to cancel certain real estate loans? Read about it here.

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