Before you sign anything, make sure you know and are comfortable with the answers to all of these questions. Never agree to a loan until your lender gives you all of this information, and never sign any loan documents that are not completely filled out.
When you're shopping for a loan, keep a sheet handy to write down and compare loan costs and terms offered by each lender.
BorrowSmart Public Education Foundation provides the knowledge, skills and tools home equity borrowers need to gain financial literacy and "borrow smart."
Established in 2001, BorrowSmart and its partners empower consumer equity borrowers through lenders, credit counselors, regulators and direct contact by providing free information and education that leads to open access to available credit for all homeowners.
BorrowSmart Public Education Foundation will grow to a national presence and be recognized throughout the housing and financial communities for its educational programs and services to reduce the national foreclosure rate among home equity borrowers. BorrowSmart programs will create smarter home equity borrowers and more home ownership retention across America.
