Fraud Articles and Videos - Page 6

Credit repair scams are easy to avoid - if you know what to watch out for. Avoid anyone promising an easy way out or something for a flat fee. It's most likely a scam, or something illegal.

When you're looking to buy a home you should look at the schools in the neighborhood. A good school district is a factor that can overcome negative ones such as crime or drugs. Aside from word of mouth, it's a good idea to visit the schools in the school district to get a sense of their quality…

Choosing the right type of financing depends on factors such as interest rates and how long you intend to stay in your home. If you're financing or refinancing and interest rates are high, it may make sense to get an adjustable rate mortgage (ARM). Learn also about financing with a fixed rate loan.

There are several mortgage questions that home buyers and homeowners should ask their lenders before filling out their applications. Most home buyers and homeowners don't know what they're getting into when they finance or refinance their homes with a mortgage, and handing that application in to…

Every day, unscrupulous lenders ask borrowers to sign blank mortgage applications. They ask borrowers to overstate their income and to enhance their work history. They advertise that they can help when no one else can and then pocket hefty fees from grateful borrowers when the loans close. Consider…

Across the country the market is tight, and there are too many home buyers who want to purchase the few homes that are for sale. Competition for these good homes increases, and prices rise. That can be a scary situation, particularly for first-time buyers and sellers who have lived in their homes…

In the late 1990s, the National Training and Information Center released lists of the worst mortgage lenders in the country, as indicated by their loan default rates. The worst mortgage lenders had the highest rates of foreclosure. A list of Chicago mortgage lenders is included.