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Mortgage & Real Estate RED FLAGS that consumers need to be aware of !!!
 
Purchasing a home can sometimes be confusing and stressful, and some people in the mortgage/real estate industry will take advantage of consumers. Yes, sometimes there are problems and or issues that come up. But sometimes these problems were known ahead of time, yet never brought to anyones attention. Better yet, some of these problems should have been talked about prior to the mortgage application when the loan officer did their pre-screening of that borrower.  Overall,  it comes down to honesty, integrity, knowledge,  very good service, and just being upfront when problems arise.
First time homebuyers that have never experienced buying a home can sometimes be taken advantage of. In my opinion, there are some key phrases that can sometimes be cause for concern. I call these Red Flags. And for those that have done this before, it doesn’t mean that it won’t happen to you. Anything that I mention below, if you hear it more than once, especially in a short time period, this could be your warning, aka Red Flag.
 
 

The General / Basic Red Flags from both the loan officer or the realtor :
You finally found that loan officer and or realtor that you want to deal with. This person was always getting back to you ... more

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