My mother had a house firer years ago now. Under insured and only two payments left on her house and would have been paid off. she mad the mistake of talking to the nice man from Liberal Finance. We don't do mortgages but we are going to help you because they felt bad for her. we can get you money fast we are here to help you build you'r house. What she didn't understand at the time was how a 18 month bloom work's and was not explained in full. Read everything in full they are not you'r friend and they are not looking out for you.
It's refinance every 18 months if you can,t pay in full and what you pay never comes off the loan and end up owing more at the end of every month soon use up the equity in the home and then you can,t get a bank mortgage. IT took them a couple of years to get away from them and only because the house market shot up witch made their house worth more and finally able to get a bank mortgage if not Liberal would have ended up with their home. even tho at their age they owe so much more now they could never own their home and one day not be able to make their payments anymore. BUT a least Liberal didn't get it. A lawyer told us they walk a fine line of what they can get away with and they know how to do it with out bracken the law .
I know my mother is at fault to for not reading and understanding the in and out's of the loan. READ EVERYTHING AND MAKE SURE YOU UNDERSTAND THEY ARE NOT YOU'R FRIEND!
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