Faith-based lending: a mortgage with a message

By Marcie Geffner -

The proverb that "birds of a feather flock together" might explain why some homebuyers and homeowners gravitate toward so-called faith-based lenders when they want to get a new mortgage.

If you hold deep religious beliefs or respect those who do, you might want to give your business to someone who shares your faith or incorporates religious precepts into his or her business practices.

However, as a mortgage borrower, you should realize that just because a lender shares your religious beliefs doesn't mean he or she can give you a better deal on your loan.

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