The National Consumers League has announced the launch of
MortgageTown, a website aimed at helping prospective buyers
understand the risks and benefits of homeownership.
MortgageTown explains nine essential steps to financing
a home, advising consumers on choosing the right loan,
closing on a home, protecting themselves from fraud
and predatory lenders, and preventing foreclosure.
MortgageTown is a user-friendly and reliable source where
consumers can become better versed in the process of getting
a mortgage and what pitfalls to avoid as they head down that
road, said NCL executive director Sally Greenberg.
The new website can be found online at http://www.mortgagetown.org
