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    alconnell's Avatar
    alconnell Posts: 2, Reputation: 1
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    #1

    Mar 12, 2008, 04:15 PM
    Is Lend America legit?
    Can anyone tell me if lendamerica.com is legit? They sound too good to be true.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Mar 12, 2008, 05:22 PM
    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
    alconnell's Avatar
    alconnell Posts: 2, Reputation: 1
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    #3

    Mar 13, 2008, 01:15 PM
    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.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #4

    Mar 13, 2008, 02:48 PM
    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.
    Robert Parke's Avatar
    Robert Parke Posts: 2, Reputation: 1
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    #5

    Mar 26, 2009, 05:06 PM

    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
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