Mortgage Toolbox DVD, My Mortgage Coach, and Credit Analyzer Reveal Common 'Tricks of the Trade' to Protect Consumers from Costly Mistakes

HUNTINGTON BEACH, Calif. -- Today's cooling markets have exposed real estate scams and predatory lending practices that are wrecking credit scores, dotting neighborhoods with foreclosures, and costing individual consumers hundreds to thousands of dollars. In an effort to level the playing field, industry insiders have launched TruthandLoans([TM]), a consumer-focused Web site featuring a suite of informational resources designed to educate, empower and protect consumers through the mortgage process. TruthandLoans' Mortgage Toolbox DVD([TM]), My Mortgage Coach([TM]) and Credit Analyzer([TM]), available at www.TruthandLoans.com, expose the shadier side of lending and reveals 'tricks of the trade' designed to tip the scales back in favor of the consumer.

"The mortgage process has become increasingly deceptive and complex, leaving the average consumer at a disadvantage," says Josh Sitea, CEO of TruthandLoans. "TruthandLoans helps homeowners navigate through the mortgage process with ease, giving them insider information lenders do not share. This compilation of information has been condensed into an easy-to-understand format not available anywhere else."

According to Sitea, the need for this information is at an all-time high. Sitea points to a recent Roper Poll which reveals that a stunning 34 percent of homeowners have no idea what type of mortgage they have.

"By arming consumers with the knowledge and tools they need to avoid 'mortgage nightmares,' they are more apt to make smart, long-term decisions and avoid costly, crucial mistakes," Sitea said. "Our goal is to keep their pockets full, rather than having their money drained by unnecessary closing costs, prepayment penalties and lender kick-backs."

Consumers can log onto www.TruthandLoans.com to obtain free money-saving tips by viewing the Mortgage 101[TM] streaming video, or preview the Mortgage Toolbox DVD. The Web portal also features a glossary of mortgage terms, which helps demystify and translate industry jargon into plain English.

TruthandLoans educationally-based product offerings include:

* Mortgage Toolbox DVD, an instructional DVD jam-packed with information to aid consumers in spotting predatory and fraudulent lending practices, and avoiding critical missteps. By circumventing excessive loan fees, inflated interest rates, deceptive advertising and dishonest loan officers, homebuyers are better able to negotiate the best deal possible.

* My Mortgage Coach offers consumers access to state licensed professionals who are available to answer questions and analyze the mountains of paperwork that accompany the loan process. Whether exposing consumers' real interest rates, total loan fees or hidden prepayment penalties, TruthandLoans mortgage coaches work as the buyer's advocate, providing the guidance of a neutral, unbiased third party.

"The professionals with TruthandLoans' My Mortgage Coach provide recommendations based on the best interests of the consumer, to ensure that homeowners understand the mortgage process and have greater control over the outcomes," notes Sitea.

* Credit Analyzer was designed to help consumers improve their credit before applying for a loan. The program not only provides a full credit report with scores from each of the three major credit reporting agencies, but also offers a detailed analysis to explain the scores, the rationale behind them, and how one could improve their scores. Live personal help to guide users through the process step-by-step is available.

For more information, or for access to TruthandLoans' free resources, visit www.TruthandLoans.com or call (888) 36-TRUTH / (888) 368-7884.

About TruthandLoans([TM])

TruthandLoans is a multi-faceted consumer resource designed to educate and inform consumers, protecting them from the mortgage fraud and predatory lending practices that have become overwhelmingly prevalent in the U.S. Through a variety of educational tools, as well as personal mortgage coaching, TruthandLoans guides consumers through the complex process of obtaining a purchase or refinance mortgage. For more information, visit TruthandLoans on the Web at www.TruthandLoans.com, or call (888) 36-TRUTH / (888) 368-7884.

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