In today’s real estate advice episode you’ll learn about 6 mortgage scams exposed!
**To know the mortgage scams to watch out for and how to avoid them, please watch the full video. Thank you!**
Many mortgage lenders are upfront and honest at the same time some of the largest lenders in the USA are very deceitful in the marketing practices.
You’ve likely heard the quip “we don’t charge you origination fees or any fees period!” Really…. So what are they honestly going to provide anyone a mortgage and not make money!? Yeah right!
What happens is that they increase your mortgage interest rate to so it doesn’t cost as much money out of your pocket. Over the life of the loan, it will add up to massive $$$$$ you pay. So how to know if a mortgage lender is reputable?
Simple… If it sounds too good to be true it usually is and more is involved than meets the eye. The difference between mortgage scams and duping people a different. At the same time, in my honest professional opinion, people like you should know exactly what you are signing and agreeing to before you owe.
Knowing the sly marketing approach and how do mortgage companies rip you off is your first line of defense to shady loan officers.
Working with a reputable local loan officer that is honest and takes the time to explain your options with you is a great indication you’re working with the right loan officer.
Share your favorite part of this video and your mortgage scams 2018 tips with us in the comments section below. Thank you!
Looking forward to seeing you next Monday with another Real Estate Advice episode. Subscribe & like today! Thanks.
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Enjoy an amazing day!
-Your Real Estate Geek, Andrew Finney
USMC Combat Veteran/ Real Estate Consultant
Call/ Text: 702-710-0287
BHHS, Nevada Properties
7475 W. Sahara Ave. Suite 100
Las Vegas, NV 89117
Certified Residential Specialist (CRS)
Accredited Buyer’s Representative (ABR)
Sellers Representative Specialist (SRS)
Military Relocation Professional (MRP)
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6 Mortgage Scams Exposed! (Home Buyers Beware!)