Fair Lending/Fair Housing Client Satisfaction Survey

Your help is needed in evaluating and improving Idaho Legal Aid Services= (ILAS) services on the Fair Lending/Fair Housing Legal Advice Line. Please complete this survey as we must report the level and quality of service you received to the funding agency that provided the grant that allows us to make this service available to you and others. We value client feedback, both positive and negative, and appreciate your to complete our survey.

A Consumer’s Guide to Mortgage Refinancings

Have interest rates fallen? Or do you expect them to go up? Has your credit score improved enough so that you might be eligible for a lower-rate mortgage? Would you like to switch into a different type of mortgage?  The answers to these questions will influence your decision to refinance your mortgage. But before deciding, you need to understand all that refinancing involves. Your home may be your most valuable financial asset, so you want to be careful when choosing a lender or broker and specific mortgage terms.

What You Should Know About Refinancing

Refinancing is a process in which you pay off one or more existing debts with a new home loan. If you have perfect credit, refinancing is sometimes a good way to obtain a lower interest rate or to convert a variable rate loan to a fixed rate. However, if you are in the midst of financial difficulties, if you have too much debt, or if you have bad credit, refinancing is loaded with pitfalls. We recommend that you be very careful when
refinancing debts. Many refinancing loans hurt consumer. Here are twelve things to consider before refinancing...

Interest Only Mortgage Payments and Payment-Option ARMs – Are They For You

Owning a home is part of the American dream. But high home prices may make the dream seem out of  reach. To make monthly mortgage payments more affordable, many lenders offer home loans that allow you to (1) pay only the interest on the loan during the fi rst few years of the loan term or (2) make only a specifi ed minimum payment that could be less than the monthly interest on the loan...

Avoiding Home Equity Scams

Washington, DC — You could lose your home and your money if you borrow from unscrupulous lenders who offer you a high-cost loan based on the equity you have in your home. Certain lenders target homeowners who are elderly or who have low incomes or credit problems — and then try to take advantage of them by using deceptive practices. The Federal Trade Commission, the nation’s consumer protection agency, cautions all homeowners to be on the lookout for...

Incumplir el Pago de su Hipoteca Tiene Consecuencias Costosas

Si usted no paga su hipoteca en fecha o si paga un monto menor a su mensualidad, usted incurre en incumplimiento de pago de su préstamo. Las consecuencias del incumplimiento de pago pueden ser costosas. La Comisión Federal de Comercio (Federal Trade Commission, FTC), la agencia nacional de protección del consumidor, dice que es importante entender los costos que tiene el incumplimiento de pago.