Unless you've been asleep since 2006 you know that many mortgage banks went on an orgy of predatory lending. These days you must take steps to protect yourself from preditory lenders.

Even the most predatory bank will never tell you they are making predatory loans. To recognize predatory lending you have to look for the signs.

Predatory lending occurs when a bank or loan company makes you a loan in full knowledge that you will probably default on the loan. Learn to recognize the signs that may indicate predatory lending. You should be suspicious of any lending company telling you that they are your only hope of getting a loan or buying a house. Be careful of any lending institution that is willing to loan you money to buy a home priced much higher than comparable properties in the same neighborhood.

Always shop around and get proposals from at least three different loan companies. This is the only way you can know whether you're getting a fair mortgage loan.