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Home Loans and Refinancing

Moonridge Real Estate For most of us, our home is our single greatest asset. Arranging a loan based on your home’s accrued equity can be risky. Abusive lending practices can range from equity stripping and loan flipping to hidden terms and extra charges. Equity Stripping Equity stripping or skimming is a form of predatory lending which can work like high cost, risky refinancing. Homeowners facing foreclosure may be promised cash, free rent and the possibility of retaining their home. The unscrupulous lender borrows … [Read more...]