Thursday, November 23, 2006

How to spot and avoid mortgage fraud

There's not much in life that is more important to you and your family than your home. That's why mortgage bankers are working to protect you from deceptive and fraudulent sales tactics when taking out a mortgage or a home equity loan. Tactics such as predatory lending can result in interest rates and monthly payments higher than they should be. Many unsuspecting home buyers were scammed this way.

You should really fully understand the ins and outs of borrowing intelligently before you take out your home loan. Learn how to spot and avoid mortgage fraud and data abuse.

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