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Offer Angel in the NewsThis Old House--The Mortgage Crisis: Where to Go for Help | 2007-09-21Once you get a few bids, go to OfferAngel.com. The new, free service defines in plain English the terms of the various loan offers you've received and provides side-by-side comparisons. For $24.95, an analyst puts together a more detailed report that explains how the terms apply to you and your financial goals, and he or she will alert you to potential red-flag items like hidden fees and payments that fluctuate or increase over time. OfferAngel.com was co-created by Meg Burns, a former mortgage loan officer who left the business after being frustrated by financial-services companies that offered unclear, incomplete, or misleading information about the loans she was trying to obtain for her clients. Because government regulations about term disclosure have not kept pace with the number of mortgage products on the market today, Burns says the onus is on the borrower to guard against being taken advantage of. "There are many details about your loan that lenders are not required to tell you unless you ask," she says. OfferAngel.com does not recommend lenders or push one offer over another, nor does it share or sell borrower information. "We simply put all the information in consumers' hands so they can make informed choices," says Burns. 2007-09-21 Source: http://www.thisoldhouse.com/toh/article/0,,20057872,00.html |
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Copyright ©2007 Offer Angel LLC All Rights Reserved. "Offer Angel" and "The Honest to Goodness Truth About Your Mortgage Offers" are service marks owned by Offer Angel LLC Other trademarks are the property of their respective owners. v55 |
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