Deceptive Mortgage Ads

The Federal Trade Commission alerts mortgage shoppers to be wary of certain terms in mortgage ads.  For instance, a low “Fixed” Rate: Ads that tout a “fixed” rate may not tell you how long it will be “fixed.” The rate may be fixed for an introductory period only, and that can be as short as 30 days. When you shop for a mortgage, you need to know when and how your rate, and payments, can change. Full Story.