7 Articles Found...

• Home Equity Loan Scam #1: Equity Stripping
  If a lender tells you that you’re elegible for a loan even though your monthly income is not enough to sustain the payments, it may be aiming to steal your home equity...
• Home Equity Loan Scam #2: The Balloon Payment
  If you are facing foreclosure due to late or missed payments, a lender may offer to lower your monthly payments by refinancing your mortgage, thereby saving your home from foreclosure...
• Home Equity Loan Scam #3: Loan Flipping
  You might be someone whose had your mortgage for years...
• Home Equity Loan Scam #4: The 'Home Improvement' Loan
  A common trick perpetrated by shady “home improvement contractors” and unscrupulous lenders goes something like this Your doorbell rings...
• Home Equity Loan Scam #5: Credit Insurance Packing
  When you agree to a mortgage or home equity loan, be wary of tacked-on charges...
• Home Equity Loan Scam #6: Mortgage Servicing Abuses
  When it comes to mortgages and home equity loans, working with reputable lenders is crucial...
• Home Equity Loan Scam #7: Signing Over Your Deed
  Are you currently having trouble paying your mortgage? Is your lender threatening to foreclose on your home? If so, you may be feeling a little desperate...