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How to avoid "THE BAIT And SWITCH"

9,892 views December 9, 2019 8:22

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ChannelJennifer Beeston

Description from the creator

Lenders are still behaving badly and it is time to expose the way bad lenders are baiting and switching borrowers. Bait with a lower rate and switch to a higher rate and in some cases bait with a fixed rate mortgage and switch to an adjustable rate mortgage. Dirty, bad stuff. Now remember most lenders are good and not plotting to rip you off however it can be tough to tell if you are working with a "good apple" or a "bad apple." This video gives how the bait and switch works, red flags and how to avoid this happening to you.


Questions or need a mortgage in one of the many states I lend in? Contact Me At: 707-478-0637

More Helpful Content:

Home Loan Basics: youtube.com/watch?v=QfbvdEwckRo&list=PLj_WN…

Loan Programs: youtube.com/watch?v=iSuovCK8n78&list=PLj_WN…

VA Loans: youtube.com/watch?v=qejJOA58lgM&list=PLj_WN…


Jennifer Beeston NMLS ID:247743; AR - Licensed, CA - CA-DOC247743 - 413 0699, IA - 33839 , IL - 031.0054184, IN - 41478 , KS - LO.0039219, LA - Licensed, ND - NDMLO247743, NY - Licensed, TX - Licensed, WA - MLO-247743 - CL-2611, WI - 247743, WY - 8203

GR NMLS ID #2611 www.nmlsconsumeraccess.org

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.

All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.

About this tutorial

Jennifer Beeston published this 8:22 video tutorial on December 9, 2019. It has been watched 9,892 times on YouTube.

Category
Education
Duration
8:22
Published
December 9, 2019
Views
9,892
Likes
191

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