How to Spot and Avoid Mortgage Fraud

I am getting ready to jump back into the real estate market, as I believe I've intimated before. I think that this little bust won't last too long, and that it is a good time to get into the market.

The problem is that the market just feels so darn yucky. The last time I got a mortgage, we went in at the last minute because we needed "pre-approval" on a place we were interested in. We met with a frankly sleazy-looking banker who kept trying to imply that we would never get such a great deal anywhere else. This idea was ludicrous on the face of it, since we had chosen the banker essentially randomly.

This previous experience was before the Internet, with a capital "I". It is possible now to protect oneself by gathering information, as well as competing quotes, and to do all this at the last minute.

The site www.personalhomeloanmortgages.com helps consumers fully understand the ins and outs of borrowing intelligently. They offer mortgage rates, a mortgage broker finder service, mortgage calculators, and more. In addition, data is protected through SecureTrust, which guarantees compliance with FTC, DoNotCall & Can Spam regulations. Most impressive is their extensive mortgage directory, forums and other industry content.

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