Understanding The Home Loan Hustle

Movement Mortgage: Lenders Working For Themselves, Not You

Understanding the Home Loan Hustle

Movement Mortgage is an online lender that offers fixed-rate mortgages with term lengths of 10, 15, 20, and 30 years. The company was founded in 2008 and is headquartered in Fort Mill, South Carolina. Movement Mortgage offers a variety of loan products, including conventional loans, FHA loans, VA loans, and USDA loans.

The Problem

Movement Mortgage has been accused of putting their own profits ahead of the interests of their customers. The company has been sued by multiple state attorneys general for allegedly engaging in deceptive marketing practices and charging excessive fees. In one case, the company was accused of charging a borrower $10,000 in fees on a $200,000 loan.

Advice for Homebuyers

If you are considering getting a mortgage from Movement Mortgage, it is important to do your research and understand the terms of the loan. You should also shop around and compare rates from multiple lenders. It is also important to remember that Movement Mortgage is a for-profit company and their goal is to make money. As such, you should be wary of any promises that sound too good to be true.