Down payment assistance programs like The American Dream Down Payment Assistance are all but outlawed for use with any government insured loan programs.
It’s about damn time!
I can hear you now, “What’s wrong with charities helping home buyers by giving down payment assistance?”
In a word, it’s a scam…that’s why!
In more than a word, [...]

Lenox Financial Mortgage is known for their ever-present radio campaigns touting “no cost” refinancing and is the prime example of what I call “deceptive or incomplete” advertising.
Refer to my article, “No Closing Cost Mortgage Advertising Is a Lie” to see how Lenox Financial and others pull the wool over the eyes of [...]

So I recently got an email from a person calling himself a Certified Public Accountant desiring to debate the efficacy of the supposed “no cost” mortgage made popular by the ubiquitous advertising propogated primarily by Lenox Financial and now Countrywide Home Loans. As you’ll see below, don’t expect any mortgage help from CPAs when [...]

Real estate closing costs can with certain limits be paid by the seller without detriment to the buyer if you know the rules. Ignorance of the rules can turn real estate closing costs into a Catch-22.
Why is this important?
It can be the difference between a loan approval and a loan [...]

I was interviewed last week by a reporter for the Atlanta Journal Constitution, Bill Torpy, who published an article critical of “no-cost’ mortgage advertisers like Lenox Financial.
The article published on September third in the newspaper of record for Atlanta Georgia is one of the first I’ve seen that clearly exposes the truth about [...]

Mortgage companies who advertise on radio and TV about “no closing costs” or “$395 flat fee” are simply lying.
I know for many of you hearing an untruthful advertisement is no great threat, but for the proverbial little old lady or an unsuspecting first time buyer it truly is. I think with 2 trillion [...]

No cost mortgage advertisers pound the air waves spewing this mortgage lie. The no cost mortgage is a scam requiring great salesmanship, some misdirection, and an unsophisticated client.
So I’ve been railing against the no cost or no fee mortgage advertisers for years now…both on my blog and formerly on our radio show. Calling these phony [...]