compare variable mortgage

If you are in the process of refinancing your mortgage in your new loan at the best possible mortgage. Many homeowner the bad mortgages do not even know they are used. How do you benefit from predatory mortgage lenders? Your homework and research mortgage lenders before signing on the dotted line, here are tips to avoid you, on your new mortgage.

The mortgage is a very competitive business. Profitable some mortgage lenders to stay on underhanded tactics that take advantage of homeowners, especially with bad credit. Mortgage fraud can cost you thousands of dollars; dirty lenders may even at home. Here are examples of mortgage fraud, you must avoid.

Caution Home Buyers and Mortgage Seminars

You see ads in the newspaper from time to time home buyer seminars promising to secure mortgages for everyone, regardless of credit. If you're thinking about one of these seminars to make sure you read all the fine print and find out what it costs you. If you are committed to a large up-front fee, chances are this is a fraud. You can use the Better Business Bureau, before attending one of these seminars home buyers.

Paperwork Confusion

Some mortgage lenders are trying to confuse borrowers with their paperwork. This allows them to slip rates and fees in the contract that people would not agree, she had understood what is in the paperwork. Make sure that mortgage lenders provide you with a legitimate Good Faith Estimate as required by law, and you understand everything about this document and in your loan agreement.

Caution repossession foreclosure scams

Another common fraud for homeowners who on their mortgage, the "foreclosure prevention" scams. A person or company buys your house for sale, and it is true, if you can afford the mortgage payments. This is as restitution, and there are organizations that this is an honest service. retransfers fraudsters make it almost impossible to buy back your house and can use your equity in the process.

Reverse Mortgages: scams to rip off seniors

If you have a senior reverse mortgage to supplement your income, you can through the use of an approved HUD lender. Make sure you compare reverse mortgage offers from at least three different mortgage lenders and fully understand that all conditions in the loan agreement. You can learn more ways to protect by using the registry for a free mortgage guide: "Five things you need to about your mortgage."

To get your free mortgage guide RefiAdvisor.com visit the link below.

Louie Latour specializes in homeowners, such as advertisements, to identify common mortgage mistakes and predatory lenders. For a free copy of "Mortgage Refinancing: What You Need To Know," which teaches strategies to find the best mortgage and save thousands of dollars in the process, visit Refiadvisor.com.

Claim your free guide today at: http://www.refiadvisor.com

Mortgages for Dummies