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If You Hope to Buy or Refinance
Buying or refinancing a home is a complex and sometimes confusing process. Many lenders, mortgage brokers, appraisers, and realty professionals are reputable, but some are strictly motivated by the desire to make a loan or sale. If you’re in the market for a home or refinancing, which of these can help you avoid mortgage fraud?
- Ask people you trust to refer you to financial or realty professionals they know.
- Research what homes currently sell for in neighborhoods you’re considering.
- Carefully review all loan and closing documents.
ALL of these make sense. Ask for clarification if you don’t understand terms or conditions. Never make a false statement on a loan application or sign a blank document. To learn more, get pre-purchase or reverse mortgage housing counseling from a reputable nonprofit agency like Guidewell Financial Solutions. Also check out our free online homeownership courses.