Last year a close friend of mine went through the daunting task of applying for a mortgage loan. He didn’t really have any idea what to expect when he started going through the loan process, but he sure found out quick that it wasn’t anything to be taken lightly or without complete knowledge of all of the terms and conditions involved in the loan. He was trying to get the mortgage loan against his house so that he could start a small business. He asked me for my help at first, but I know absolutely nothing when it comes to loans or mortgages or much other credit and financial processes. He ended up getting the loan but I still don’t think he completely understands all of the terms associated with it. I asked him a few questions that he couldnt really give me the answers to. I really hope that he made the right choice and didn’t just jump into it after listening to the guy that he was talking to who works at the bank. I’m sure the guy would be willing to tell him whatever he wanted to hear to get him to sign the papers. I wish him luck, though. He deserves to succeed with his new business.