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Protect Yourself from Lending Abuse


Abusive or “predatory” lenders target people who are strapped for cash. But the loans they push usually have sky-high interest rates and fees. They are often illegal, too. You need to know how to tell a “good” loan from a bad one. Otherwise, you could end up paying too much, hurting your credit rating—and even losing your home.

Ask yourself:

Do I feel pressured?

Have I shopped around for the best deal?

Is it too good to be true?

Can I trust the lender?

Do I understand the loan terms?


At Bank of New Hampshire, we have a lot of mortgage options and there is one that is just right for you. Our residential lending officers provide local decision making that is simple and convenient. Whether it is a first home, second home or refinancing you’re after, let our experienced lending staff work with you.


Credit: American Bankers Association