How to Spot a Predatory Lender

Photo: Lee Cannon

Yes, predatory lenders are still out there. Although underwriting practices have tightened and government regulations for mortgage lending have increased, it's difficult to force unethical lenders to put consumers' best interests first. It's still your responsibility, as a consumer, to look out for yourself.

Let's look at some warning signs that the mortgage you're considering, whether it's for a purchase, refinance or home equity loan, might end up hurting you in my Financial Edge article for Investopedia, How to Spot a Predatory Lender.

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