Home Loan Loan Refinance And Scams Thatll Rip You Off
With the upsurge of home loan loan refinance records, comes the rise of scammers wanting to rip-off unsuspecting home-owners. If you are thinking of applying for a new home refinance, you should learn how to recognize a scam when its staring you right in the face.
Puzzling Paperwork
When your lender gives you a 20-page document and asks for your signature here, here, and here without clearly explaining what you are actually signing for, dont you dare sign! Just as your mom used to tell you not to talk to strangers, you must learn not to sign strange and confusing documents, especially documents concerning your home loan loan refinance.
Read the whole document before putting your pen on paper. Look out for unusually wide spaces between a paragraphs and the dotted line as this definitely spells S-C-A-M in big, bright letters. Just imagine what scammers can type in after you afix your signature. Ask the loan officer to clarify any article that seems hazy.
Do not allow anyone to rush you or intimidate you into signing anything. Remember, it is your house, your money, and your future thats on...