Best Loan & Mortgage Lenders

To compare loans, rates and terms is somewhat confusing, to even experienced loan officers. The difficult encountered lies in the small print - in terms of default and the extent of borrower and lender rights contained in related agreements. A recently assembled blue chip panel of 20 of the best financial attorneys and accounts in the country were asked to explain the term "universal default" which is contained in almost all credit card borrower agreements today. Not surprisingly, they concluded the term is incomprehensible because of overlapping dragnet net clauses that, in effect, create a constant state of default for all debtors at all times. Before borrowing a significant amount from any lender, demand a clear, concise explanation for all contract terms. If they fail, and many will, choose a different lender.