Home Mortgage Specialist Warns Consumers to Beware of the "Mortgage Bait and Switch"

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 1, 2004 --

If you're in the process of looking for a new mortgage, or refinacing your old mortgage, you know how intimidating the whole process can be. According to Michael Hart, a home loan specialist with Anderson Lending Group in Peachtree City Georgia, "one thing that adds to the intimidation factor of getting a loan is that many mortgage firms intentionally run misleading advertisements". Consumers are bombarded with mortgage ads on a daily basis. You can't pick up a paper, turn on a televison or a radio, or open your email without seeing or hearing an advertisement claiming they offer the "best and lowest rate on a new mortgage or refinance". "The thing that aggravates me most is the fact that many mortgage firms advertise interest rates that they know 90% on the people responding to their ad can not qualify for" he says. It's the old "bait and switch". The low advertised rate is the "bait" to draw you in, and when you call, you're told why you don't qualify for that rate and quickly "switched" to a loan with a higher rate, one more profitable to the mortgage company. To alert consumers to this misleading advertising, and other pitfalls of obtaining seeking a mortgage, Mr. Hart has written a special report entitled "Information You Need To Know Before Refinancing Your Old Loan or Applying For A New One!". This informative and eye opening report will tip you off to the costly mistakes that most every borrower makes when shopping for a loan, and tell you how to avoid making them. The report is available for FREE for a limited time by calling 678-318-1793 for as long as supplies last. Simply call the message hotline number, state that you would like to recieve the FREE report and leave your name, address, and phone number to confirm your mailing address. The report will be sent to you right away.