Mortgage loan officers with questionable ethical standards profited sweetly during the go-go years of the real estate boom, mostly by pushing risky loans to borrowers who didn’t necessarily have wha...
t it took to qualify for one the honest way. Now, thanks to new legislation and regulations, predatory loan officers are all but out of business. But that doesn’t necessarily mean you should trust your lender wholeheartedly. Here are some of the red flags that your loan officer may not be completely honest with you — along with signs that they do have your best interest at heart.
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