Applying for a mortgage? Here is what you need to know about mortgage fraud. The mortgage interest rates are near record lows right now, making it more appealing and affordable for homeowners to apply for a mortgage loan. Yet, it is still very difficult to qualify for one due to stringent pre-approval rules. With more individuals having a hard time getting a mortgage comes a risk of being involved in mortgage fraud. Mortgage fraud is one of the most common ones. It occurs when an individual deliberately misrepresents or withholds information to obtain mortgage financing. Some of the common examples ...
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