You ever get solicitation’s about mortgage deals that are too good to be true? If so, it is probably some type of scam or lots of fine print to be read. I think these types of deal are most likely the best way to be taken advantage of. I’ve only had my house for a little over a year now, I get stuff in the mail, people calling, emails about refinancing. I thought it was kind of strange that I would need to refinance my house already.

Make sure that you ask questions, have everything in writing, and never sign any documents until you have read and understand everything. If you already own your house and you have mortgage lenders encouraging you to repeatedly refinance your loan, this is called Flipping. When this happens you pay more money out due to refinancing fees. So with that are your really saving?

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