A place where I write on refinance mortgage
Interest rates on bad mortgages are usually markedly higher than the market average. Some lenders convince borrowers to accept high interest rates by targeting borrowers with credit ratings poor enough that they are hard pressed to get a home mortgage from a legitimate lender. Others simply hope the borrower will be too inexperienced to know the interest rate is too high. Bad lenders often tell borrowers to handle the high interest rate by frequent "flipping," or refinancing, of the home mortgage. * Bloated fees.