All things home equity loan
Lenders may suggest offsetting these fees by frequent refinancing ("flipping") of loans, which is another bad sign. A third sign of a predatory loan is high pressure tactics. Lenders are eager, even hungry, for new business (one expert calls these loans "loans seeking consumers"), and they are aggressive in seeking you out and convincing you to sign. Predatory lenders, unlike legitimate lenders, solicit by telemarketing or go door to door as well as using junk mail campaigns. What are the terms of a predatory loan likely to be? Mortgage loans offered by predatory lenders have a wide range of unethical fees attached, as well as having high interest rates.