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philosopher's avatar

What should I look out for when I am signing the papers on my new mortgage rate?

Asked by philosopher (9065points) September 2nd, 2010

I always had a lawyer before. I don’t trust anyone. I read well but I remember feeling overwhelmed by signing so many papers. Papers written in legal language for the purpose of confusing non lawyers.
It’s the same bank and they have kept us waiting to close for a month. Suddenly they want to close next week.

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4 Answers

Espiritus_Corvus's avatar

This article was in my local paper yesterday. I’ve been hearing a lot about this over the past few months. You need to be very careful and ask a lot of questions. Be assertive. YOU are the customer in which they rely on for survival although they may try treating you like you are asking for favors. Don’t allow them to do that. Your tax money, in the form of the National Stimulus Package is what funds the mortgage modification program.

jazmina88's avatar

make sure it doesnt go variable like the scams of the 90s that got us in this mess.

Congrats!!

philosopher's avatar

@jazmina88
My husband is good at this stuff but I remain paranoid.
Thank you.
Enjoy your long weekend.

philosopher's avatar

Up date to all we went with HSBC again.
Our appointment was for 10 Am the lawyer showed up at 1:30 PM.
He texted the Tittle person and said, there was traffic. She checked her Blackberry Traffic Report there was no traffic.
HSBC really knows how to higher unprofessional lawyers.

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