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Mortgage Loan Dirty Lender Scams
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By Louie Latour

If you are in the market for a mortgage you should know there are lenders looking to take advantage of you. To avoid being scammed by a dirty mortgage lender you need to do your homework before shopping for a mortgage. Here is what you need to know about dirty mortgage lenders and their scams.

The majority of mortgage lenders today run legitimate businesses that are sincere about helping homeowners with their financial needs. There are however a good deal of lenders that are only concerned with making a buck, and have no problems taking advantage of people to do it.

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Dirty mortgage lenders take advantage of homeowners in a variety of different ways. Some of these lenders require homeowners to purchase insurance policies they do not need as a condition of qualifying for the loan, others require periodic refinancing, and some dirty lenders simply charge outrageous fees and interest rates.

One way to spot a dirty mortgage lender is by the use of pressure sales tactics. If you feel the representative is being too pushy, or trying to

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This entry was posted on Thursday, May 11th, 2006 at 5:44 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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