|
||
High-Rate, High-Fee Loans (HOEPA/Section 32 Mortgages) Mortgage Servicing: Making Sure Your Payments Count Need a Loan? Think Twice About Using Your Home As Collateral Putting Your Home on the Loan Line is Risky Business Shopping for Home Equity Loan? Understanding the Home Mortgage Process Understanding your Rights to Fair Lending The Mortgage Application Process Where to Stop and What to Look for Ads: Mortgage Cycling Revealed Build Massive Wealth With Foreclosures. Own Real Estate With No Money Down Get Started In Real Estate Investing!
|
Understanding Your Rights to Fair Lending Federal law protects every homebuyer looking for a mortgage loan against discrimination on the basis of race, color, national origin, religion, sex, marital status, age, receipt of public assistance funds, familial status (having children under the age of 18), handicap, or exercising your rights under other consumer credit protection laws. Lenders may not take any of these factors into account in their dealings with you. For instance, lenders may not discourage you because of your race or national origin from applying for a mortgage loan. Whatever your color, they must offer you the same credit terms as other applicants with similar loan requests. They may not treat your application differently because of your sex or marital status or familial status. In short, they are barred from taking into account any of the factors listed here in their dealings with applicants or with potential applicants. They should:
Private
fair housing groups Human
rights agencies Attorneys Federal or
state enforcement agencies Federal The Fair Housing Act prohibits discrimination in housing sales or loans on the basis of race, religion, color, national origin, sex, familial status (having children under the age of 18), or handicap. The Equal Credit Opportunity Act prohibits discrimination in any aspect of a credit transaction on the basis of race, religion, age, color, national origin, receipt of public assistance funds, sex, marital status, or the exercise of any right under the Consumer Credit Protection Act
|
|
Government Grants |
Mystery Shopper |
Paid Surveys | |