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STOP SIGNINGSTUFF... WITH OUT READING IT
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STOP SIGNING STUFF
Stop signing stuff with out reading it,please. We’ve become a society ofagreements, disclaimers, arbitrationclauses and waivers. From gymmemberships to cell phone agreementsand everything in between we’rebombarded with legalese. We’re told tosign here, initial here, sign here andinitial here and we don’t stop to readwhat we are agreeing to.
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I can understandif you don’t want
to read the fine printof your local video store
rental agreement; but thereis no excuse for not reading
the documents regardingyour mortgage.
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I believe that 90% of all of thebad mortgages would not exist ifpeople just took the time to readwhat they were signing. Stoplistening to the people that tellyou "Just sign it; its just what wetalked about" and take amoment to read. If you don’tunderstand it – that’s OK. Calland ask, look it up.
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THIS IS YOUR HOME,NOT YOUR GYM,
YOU NEED TO SEEWHAT YOU ARE
SIGNING.BLOWNMORTGAGE.COM
LENDER HOTLINE: 888-581-5008
Be on the careful look out forthese items when you aresigning your loan:
- Adjustable Rate Rider- Prepayment Penalty Rider- Negative Amortization feature- Yield Spread Premium or
YSP/SRPBLOWNMORTGAGE.COM
LENDER HOTLINE: 888-581-5008
If you see these things in yourdocumentation make sure youunderstand what they are saying andwhat the consequences are for youand your home.
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T O L E A R N M O R EBLOWNMORTGAGE.COM
LENDER HOTLINE: 888-581-5008
C L I C K H E R E
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Justin McHood is Americas MortgageCommentator and has been providingMortgage commentary forover 10 years.
INFORMATION PROVIDED BY:Justin McHood
MORTGAGE COMMENTATOR
Information Originally Published: February 25, 2007 BLOWNMORTGAGE.COM LENDER HOTLINE: 888-581-5008
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