Do not sign documents for renewal. DO NOT SIGN mailed in mortgage papers RENEWAL! I can not say enough times. When his funding is due for renewal and the bank sends you individual mortgage renewal documents, which is a common mistake for the owner simply sign them and mail them back to the bank. Remember that banks are in the sector to make effective and if the properties can pressure for 1 or 2 percent surplus on interest rates in real currency – big time! Thousands of money for a period two decades. Multiply this by the majority of the hundreds, thousands and tens of thousands of customers … Well you get the point, we speak of millions of dollars in easy profits.
Read more…