Consulting with a GiantLion Representative is the best way to save money when buying a home.
GiantLion was founded by Lonny Coffey, the co-author of How To Buy and Sell a Home Without Getting Ripped Off! Coffey has been in the mortgage business for over 30 years and has witnessed consumers being taken advantage of countless times when buying, selling, and refinancing their homes. The result of these types of practices has created an environment that consistently ranks the real estate industry at the top of the list of professions that people distrust.
GiantLion developed a vision for a consumer consulting company whose primary purpose would be to promote knowledge and education for the consumer to avoid getting ripped off during real estate loan transactions. Knowledge would help ensure home buyers the best service and price on a home.
GiantLion is a group of experienced home loan finance professionals that are dedicated to reducing the risk during the home buying process. Their knowledge and expertise can be used by the home buyer as a guide to understanding the complex process and to help make the right decisions.
- US borrowers lose an estimated 9.1 Billion dollars a year to predatory lending.
- Sub-prime prepayment penalties cost 850,000 families an estimated 2.3 Billion dollars each year and the numbers are dramatically increasing each month.
- One predatory transaction during the purchase of a home could easily exceed 10,000 dollars over the term of a loan.
Predatory business practices take place every day in this country, causing consumers to be cheated out of billions of dollars. It occurs when a company who does or sells something takes advantage of consumers in any number of ways - most often in situations where consumers lack knowledge and have no choice but to trust the company with whom they are doing business. The predator simply takes advantage of the weaker party and literally makes out like a bandit.
Predatory Lending is a popular new term that is gaining much attention in our country. It is targeted at the mortgage lending business specifically because this industry has taken it to new heights. And it is so easy it would amaze you. Unethical? Yes. Illegal? Not always.
The problem is that the practice is so widespread and there are so many ways to accomplish it that it would be impossible for a law to be written in a broad enough manner to prevent it. The predators have little fear and almost always no consequences of anything happening to them. The only hope consumers have is to be able to spot the practice and avoid it so they never fall prey to the predators. Enter GiantLion.
GiantLion was born out of an idea that nobody should have to fall victim to business practices that are less than open, honest, and fair. It is an organization committed to the education of consumers. A place where professionals who are committed to doing business in an honest and ethical way can be found - along with the tools that enable consumers to protect themselves. By arming themselves with knowledge and powerful tools, consumers regain control in their buying and selling transactions and the real professionals in business come out ahead.