My Rat Race

With all the mortgage companies you see online, some of them are fraudulent. Most of mortgage fraud events happen by email. A personal friend of mine has been searching for a mortgage company online and during her online sign up inquiries, she was expecting a reply. Since she has inquired with many companies and has not really taken the effort to note where she has inquired, she was not sure with the emails she has received. Many of which seemed to be replying to her emails, but some of them are random spam emails pretending to be replying to your inquiry. She was not really a victim of identity theft nor getting her money stolen, but she was not given the complete truth in her mortgage deal. With many hidden fees, she ended up paying more for her mortgage than what was expected and disclosed and was not explained to her what was written in fine print.

In search of a mortgage company, it is best to make is a point that everything is explained to you well. All the ins and outs of your mortgage contract. A good company should have SecureTrust which guarantees compliance with FTC, DoNotCall and Can Spam regulations. This ensures the legitimacy of a mortgage company. If done correctly from the start, you can avoid the waste of time, money and effort from making the wrong decision.