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“Trust me, I’m your friend.”
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“Hi! I want to be your Lender” (pretender lender)
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“I’ve got a great deal for you”
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“Here is the name of the underwriter of your loan.”
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“Here is the appraisal — it came in higher than your deal.”
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“You can rely on the appraisal”
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“It’s a 30 year loan” (1-6 years actually)
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“This is your interest rate”
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“This is your APR”
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“Prices only go up in housing”
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“You’ll be able to refinance in a year and take out more money.”
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“Here is the name of your Lender”
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“It’s just a formality”
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“These are form documents and cannot be changed”
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“You don’t need a lawyer”
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“This is a straight forward industry standard loan.”
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“This is the mortgage broker” (versus several parties undisclosed acting as brokers)
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“The settlement statement shows all the fees and commissions.”
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“Your payments will be credited to your account.”
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“The settlement statement shows the insurance contracts.”
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“This is the beneficiary under your deed of trust.”
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“This is the mortgagee under your mortgage.”
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“This is the balance due on your loan.”
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“This is a computer printout of the accounting for all credits and debits on this loan.”
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“Your loan is in default.”
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Continue on here for the rest…
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