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Tuesday, October 23, 2007

Is your mortgage broker ripping you off?

If it sounds too good to be true, it probably is

You might have already been ripped off by your mortgage broker when he or she advised you into an ARM mortgage. So, now that your rate has reset, you realize you need a fixed rate. Or, perhaps, you are missing payments, and someone is offering to help.

Watch out warns Jim Jubak. There are a lot of mortgage scams out there right now. See the video.

Rate your mortgage broker: Were sold a bad loan, or were you misled in some other way?

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