How to Avoid Mortgage Loan Scams

As you may already know, there has been a lot of uproar in the mortgage industry lately.

Several large mortgage companies have had to lay off a large portion of their
workforce in order to try to recoup losses assumed by writing bad loans.

What has happened in many cases is that mortgage brokers have preyed on uneducated
consumers. They promised consumers a great mortgage loan solution when presenting their Good Faith Estimate, but during the loan process they bait and switched them to sub-standard Adjustable Rate Mortgage loans. As interest rates climbed out of control, many people could no longer afford to make their mortgage payments....ultimately leading to the foreclosure of their homes.

Consumers lose their biggest investment, banks also lose by selling the foreclosed real estate at a huge discount.

So how can you avoid mortgage scams?

The answer is simple....

1) Educate yourself on the loan you are interested in securing
2) Ask Questions as many times as you need to until you fully understand
the terms of the loan you are trying to close
3) Only work with mortgage loan representatives with a proven track record providing mortgage solutions that best meets their customers needs.

If you are looking for help securing your next mortgage loan or refinance....look no further.

MortgageLoansUnited.com is your answer!

They work with over 350 Banks for residential loans and over 1269 banks for commercial
loans. This means they have numerous options to choose from, and can provide extremely competive rates for the loan solution you want to secure...regardless of your credit rating.

What's also nice is they want to help you maintain or improve your credit rating, so they only run your credit one time after completing your application...that's it. TONS of other lenders and mortgage reps don't care much if they lower your credit score by running your credit time and time again...they are mostly concerned with how much money they will make when closing your loan. You won't have to worry about needless dings on your credit report with MortgageLoansUnited.com .

Go ahead and apply for a loan with MortgageLoansUnited.com you'll be happy you did.

The application page can be found at the following link:

http://www.mortgageloansunited.com/apply.html

All the best,
Traci
I-Mortgage Network Team