Don't Get Caught In Mortgage Fraud
It's like a Train Wreck.
Mortgage fraud is among the top concerns of those investing in real estate. If you get caught in a mortgage fraud scheme it can create a financially painful and emotionally distressing situation. While there are many reputable and trustworthy mortgage providers, the lengthy documents filled with legal jargon make conditions ripe for misunderstandings. So before you sign, consider the following:
1. Read every page of every document.
2. Sign documents only after seeing that the original and the copy contain the same contents. Be sure to get your copy.
3. Make sure there is no false or even slightly fibbed information on your loan paperwork.
4. Check the license background of your broker.
5. Ask how much your mortgage broker is earning on your loan transaction.
Just a few thoughts.
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