Be TEGO Safe

In the past, the vast majority of loan companies ?from the largest banks to the smallest mortgage brokers ?have preyed upon the fact the mortgage industry is confusing and misleading in its very design. Anyone who has ever had a mortgage can tell you about all the paperwork that must be signed. The sheer volume of paperwork makes it impractical if not impossible to read and understand the details of your loan. This atmosphere of confusion, combined with the reality that all mortgage companies can make profits in several ways, creates an environment that all but ensures that homeowners will end up with the short end of the stick in the loan process. Lenders and Brokers look out for their own best interests and it is done at the expense of their customers.

Perhaps the biggest obstacle facing borrowers is not knowing which fees rates and terms are excessive and should be negotiated, and which fees and terms are “fair and necessary.? TEGO takes away the lender’s “knowledge?advantage and empowers consumers with the truth. TEGO demands the truth up-front from your lender before you close your loan. TEGO monitors your loan and makes sure your lender does not take advantage of any secret profits which usually result in higher rates and costs to YOU. TEGO empowers the ethical, hardworking loan originators in the industry by exposing the bad mortgage companies, banks and individuals who intentionally mislead the consumers using bait and switch tactics, misleading disclosures and predatory lending practices. TEGO requires all loan originators to conform to TEGO’s proprietary technology that translates the lender’s rates, fees and other terms into simple language.

TEGO exposes bait and switch tactics and secret, illegal profits. TEGO demands honesty and integrity from lenders in all phases of your loan in such a way to assure consumers that they are getting the best deal possible in all aspects of their loan. TEGO breaks the ring of greed between mortgage companies and closing agents. TEGO guides you to a closing agent who makes sure the loan you sign for is the loan you were promised. No more bait and switch, no more surprises, and no more confusion about your loan terms. Just the terms explained truthfully so you can understand it all.

TEGO has set reasonable standards of compensation for your lender. We feel charges in excess of the TEGO limits are unnecessary and that you should not pay them. Because TEGO monitors all the secret profits and costs that can pop up in your loan, your lender is left with no alternative but to offer you their best terms without pulling a bait and switch at the last minute. Because TEGO tracks the honesty of all the lenders in our database, you can be sure that your lender is working to maintain an excellent rating to showcase their stellar reputation to future customers.

Because TEGO aids you in the selection of your closing agent, you become protected from the collusion of lenders and closing agents working together to hide costs and bury bad loan terms. This huge problem has never before been addressed. With TEGO, you have a team that really is working in your best interest.

TEGO knows the good, the bad and the ugly in the loan business. Because we track lender performance in our database, we can help you find a lender who you can trust to treat you honestly and fairly. These professionals have agreed to adhere to the fee limits set by TEGO and have also agreed to meet the high standards of integrity set by TEGO. And best of all, these professionals will pay for your TEGO enrollment fee! You get the same great service with the cost paid by your lender. You are safe?You have TEGO.