Archive for the ‘Refinancing’ Category

Lifetime Financial Scheme Shut Down

Posted on: March 24th, 2008 by Kenneth Long No Comments

Several California mortgage companies were recently shut down by Attorney General Edmund Brown for duping homeowners into “illegal and unconscionable loans.” Lifetime Financial, Nations Mortgage, Greenleaf Lending, Virtual Escrow, Direct Credit Solutions and Olympic Escrow, all owned by Eric Pony and his family, have been forced to cease all operations and have had their assets frozen by the Los Angeles Superior Court. (more…)

What Does ARM Mean?

Posted on: December 11th, 2007 by Kenneth Long No Comments

Some people will tell you that ARM stands for adjustable rate mortgage. The truth is that it is called an ARM because that is what you will pay, plus a leg, on an adjustable rate mortgage if you keep the loan for more than 2 years. (more…)

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