FLORIDA ASSOCIATION OF MORTGAGE BROKERS OFFERS CONSUMERS TIPS TO AVOID ABUSIVE LENDING PRACTICES
Tallahassee, FL – December 17, 2008 – Deciding to purchase a home is one of the most significant decisions that a consumer will ever make. It is crucial that the consumer work with a licensed mortgage broker, loan originator or other mortgage professional during the home buying process. While most mortgage industry professionals are honest and ethical, it is still important for consumers to be aware of the following tips as they prepare to enter the largest financial transaction of their lives. By becoming knowledgeable about the mortgage process, they can protect their financial investment and find a loan that will best serve their needs.
The Florida Association of Mortgage Brokers (FAMB) offers the following tips to avoid abusive lending practices during the home buying process: