Can anyone tell me if lendamerica.com is legit? They sound too good to be true.

What sort of deal have they offered,

There were doing a lot of government insured loans, and was in the higher risk market before the bottom fell out.

Lend America Offers Consumers Relevant Mortgage Solutions | RISMedia

It is a refinance deal for my sister. She asked me to look into the company. As they seem to be the only ones who will approve her, I am suspicious. There have been horror stories of so-called rescue lenders winding up owning people's homes.

They may as many lenders do, have much higher interest rates and esp ARMS, where the rates go up greatly in a few years.

The only reason they end up owning peoples homes is that people borrow more than they can afford, or take out ARM that adjust very high in a year or two.

I am asking about Lend America, because I saw an Ad. Last night on NBC. with a 'Footer' referring to what they called 'The Obama 75 Billion Re-Finance package.
To be sure: Today's Date is - Mar.26th.2009