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(EMAILWIRE.COM, February 07, 2012 ) New York, NY -- With the current economic state, many people are suffering with poor or no credit, and that is why no doc loans are becoming more popular as days go by. While one would assume that such loans would be relatively easy to find, the fact that they are not being offered through major financial institutions and banks makes them rare, and as with everything rare, a hefty price tag follows.
“Everybody can get a no doc loan, but most people would be forced into a loan with interest rates way above the average, and they would have no way to avoid paying for that interest once they sign the contract” Jerry Goldstein, the owner of No Doc Loans Pro states. Goldstein recently partnered up with Charles Harper, an expert loan researcher, in order to help the growing audience of the aforementioned site avoid just that.
“It is common sense that no doc mortgages would have much higher interest rates than traditional mortgages, but some independent lenders are abusing desperate borrowers who feel that they have no other option than to pay whatever price for their loan”, Harper states.
The power Goldstein and Harper couple has already helped more than 100 borrowers get their applications approved, and they post about their experiences regularly on the site so that new borrowers can learn from past mistakes made by people in the same situations.
As the demand for no doc personal loans increases, with it increase the number of shady lenders who are trying to take advantage of this growing market. No Doc Loans Pro is one of the many sites on the internet that help potential borrowers avoid mistakes, so one should do their research before applying for a loan.
About No Doc Loans Pro:
Jerry Goldstein decided to launch his No Doc Loans Pro blog in an effort to help prospective borrowers from making the mistakes he witnessed through his career. In the blog, he mentions tips to help readers get approved, but he also offers advice on how to find the right lenders. Recently, Goldstein joined forces with Harper who also guest posts on the blog.
No Doc Loans Pro
Jerry Goldstein
(617) - 939 - 9310
info@nodocloanspro.com
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