Buyer Beware:

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Be careful- the mortgage industry is full of dishonest mortgage brokers who knowingly try to rip off the consumer.  These individuals prey on uninformed home buyers with the full intention of making a sizable commission and never being heard from again.  These characters are usually in the mortgage business for only a short period of time and then move on to something else.

This article will uncover the four most common mortgage scams:

Bait and Switch

Low-balling Fees

Floating the Interest Rate

The Prepayment Penalty Scam

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