Thursday, October 26, 2006

Spot and Avoid Mortgage Fraud

How do we know it is a fraud? Mortgage fraud occurs when your mortgage broker make false statements in order to qualify you for a loan that's larger than you would be entitled to under the lender's guidelines. Many loan fraud schemes involve falsifying the loan to value ratio, a ratio that designates the percentage of a home's value that the lender will give funds for.

Personalhomeloanmortgages.com will help you fully understand the ins and outs for borrowing intelligently. They will provide you an insight into mortgage refinancing, home equity loans and other complicated loan products. Their system is 100% secure, they are protecting their consumer through SecureTrust. SecureTrust solutions provide merchants with the tools needed to protect themselves from fraud.

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