In view of the horror stories of mortgage borrowers who suddenly find themselves in foreclosure because of little-understood fine print in their contracts, I offer a couple of thoughts, applicable not just to mortgages, but also to all major consumer contracts, including insurance (life, health, property, liability), loans, purchase/sale of major items, warranties, auto rentals, long-term membership programs, etc.
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Outside the Box: "Industry Standard…
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In view of the horror stories of mortgage borrowers who suddenly find themselves in foreclosure because of little-understood fine print in their contracts, I offer a couple of thoughts, applicable not just to mortgages, but also to all major consumer contracts, including insurance (life, health, property, liability), loans, purchase/sale of major items, warranties, auto rentals, long-term membership programs, etc.