“I Just Gave My Bank a Free Loan and Paid for the Priviledge of Doing It:” Equity Accelerator BS & More Dallas Real Estate News

Susan Knape of Dallas, Texas thought she was doing something smart: paying AHEAD on her mortgage. In fact, if you open your mortgage statement each month, I will bet you the paperwork is right there in the envelope popping out. I’m talking about the equity accelerator programs offered by JP Morgan Chase, Well Fargo, Citibank and many other banks — I see the offers in both my Citibank loans every month. This program is a way, say the banks, for you to be a good citizen… right? Wrong. It’s a way for them to make more money… all the deets and more on CandysDirt.com