Mortgage Broker Company - Watch out for loan fraud

To be careful of loan fraud make sure you: shop around. compare prices and homes. If a lender tells you that they are your only hope, forget them. Do not sign any contracts or documents that have blanks. Read them carefully to make sure the information is correct. Check and make sure any costs are the same as when agreed upon. Be very careful of balloon loans, interest only loans and ask about any pre=payment penalties. Do not take out a home equity loan if you don’t need to. Do not borrow more money than you can afford to repay. Shop around for several quotes, make sure you are getting a decent interest rate based on your credit history.