Do’s of Mortgage Fraud Prevention

Yesterday, we discussed tips to prevent mortage fraud when buying Escondido real estate.  We focused on the “don’ts.”   Again, when you are in the market to buy Escondido real estate, the first thing you should do is to get pre-qualified with a lender.  I recommend HomeServices Lending.  During the process of buying your Escondido home and getting a loan here are some  “Do’s” that can help avoid mortgage fraud.

• Do provide your confidential financial and personal info to your trusted mortgage lender.  Gary Harmon, your Escondid0 Realtor, has been in the Escondido real estate business locally and can help you choose a trusted lender.
• Do always be totally honest when completing the Escondido home loan application.
• Do request and keep copies of everything you provide to the lenders and everything you are ask to sign.  If you feel uncomfortable, call Gary Harmon, your Escondido Realtor for advice.
• Do review the Good Faith Estimate of Closing Cost carefully.
• Do ask about any parties being paid if you are unfamiliar with their names.
• Do ask about any fees that you may not understand.
• Do lock in your interest rate as soon as you get a rate you like.
• Do read everything presented to you before you sign.  Don’t let anyone rush you.

Follow the do’s and don’ts of these last post for a better Escondido home loan experience.   For more information, call Gary Harmon, your Escondido Realtor.