Predatory Lending PreventionPosted on Mar 12, 2015 in Community News, Department of Hawaiian Home Lands, Public Information
Finding the right lending institution to secure a loan can be a difficult and sometimes frustrating experience. Making informed financial decisions about what you need and what you can afford is the key.
Take the time to inquire with various lenders to see what they can offer and compare it with proposals from other lending institutions to determine what’s best for you. If you don’t understand something, ask your lender to explain!
Attached are two tools that can be helpful in determining which company can provide the best loan opportunity for you.
- The Loan Shopping Comparison Sheet allows you a side-by-side comparison of different loan providers to determine which lender is giving you the best loan.
- The Predatory Lending Prevention Questionnaire provides questions for each lending institution that will give you important insight into their lending policies and practices.
The time you spend in choosing the right company now will ultimately protect you and your investment in the future.