The secret clause in your mortgage contract: "How would you feel if you failed to pay your credit card bill and, as a result, your mortgage lender used an obscure clause in your mortgage contract to try to repossess your home?
No, I’m not joking. Believe it or not, many lenders, such as Natwest, Royal Bank of Scotland and HSBC, place just such a clause into their mortgage contracts.
It’s called an 'All Monies Charge' clause and it allows your mortgage lender to try to repossess your home if you fail to keep up payments for any debt you have borrowed from that lender."
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment