With interest rates rising, some people will be looking to refinance their homes, sell then buy a cheaper house, restructuring student loans, car notes and credit card balances. Before you do that, educate yourself about the structure of these loans. How are they generated? What are the details?
I would suggest you take to the internet and look for a document called “Settlement Disclosure Statement.” Download several versions of this document. Analyze it with pen and a marker. Read it out loud line by line. Then when you are ready for a loan, ask the lender for this document to review, before your sign on the dotted line.
Sample from the internet:
