Most mortgage lenders have homebuyers' best interests in mind. But some lenders may try to take advantage of consumers by using abusive lending practices. These predatory practices most commonly target minorities, lower income people and the elderly.

Predatory lending can include charging excessive points and fees, large prepayment penalties, frequent refinancing of loans, unnecessary insurance fees, and excessive interest rates.

Homeowners can best protect themselves with knowledge. By learning more about predatory lending, homeowners can better safeguard themselves and ensure they get the best mortgage possible.

Information About Predatory Lending

Predatory Lending from the U.S. Department of Housing and Urban Development

Don't Borrow Trouble by Freddie Mac

Predatory Lending Practices from NeighborWorks

Eight Signs of Predatory Lending from the Center for Responsible Lending

Don't Be A Victim Of Loan Fraud from the U.S. Department of Housing and Urban Development

How to Spot and Avoid Predatory Lending by NeighborWorks

How to Avoid Predatory Lending from the National Association of Realtors