Your rate increases and your loan officer benefits:  Click here to find out why!

MortgageTrap.org

Click Here for Current Mortgage news including newly reported scams, frauds or lenders violating predatory lending laws

Honesty • Integrity • Informational                  


 

Check our "Find a Lender" page to get State Specific Mortgage News!

 


GFE/HUD Review

 

   See what we found in our reviews! Click Here

 

 

Feature Articles

Interest Only Loans

Prepayment Penalties

Pick-a-Payment Loan

New Construction

Mortgage "Phishing"

Bait & Switch

Realtor "Steering"

Reverse Mortgage

Overcharging

Mortgage Elimination

Equity Stripping

Home Improvement

Sign Over the Deed

Biweekly Payments

 

 

A Must Read!  Insider tells what it's really like on the sales floor...

 

 

►Race & Mortgages, Does it Matter?  Find out...

 

 

Online Applications & Phishing, what you need to know!

 

 

 


 

Customer Testimonials

"Thanks so much for taking the time to review my information. It has been  extremely helpful. While I know it's just business on the part of the lenders, it really hurts that some of them do not hesitate to prey on folks like me who simply don't understand this type of thing. But your insight and expertise has been more than eyeopening. I will certainly recommend you guys  to my friends and family."

K. Northington, MA

 

"Everyone should deal with a RMA.  My first broker was making 4.5 points on my loans - 3 of which came from putting me into a higher rate without my knowledge or consent.  Thanks MortgageTrap!"

Michelle Martinez, IL

 

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Buying a home...the biggest investment you'll ever make.

 

Cover all the bases before you sign,

Contact a Residential Mortgage Advocate

 

Find a RMA Designated Realtor!  Click Here

At MortgageTrap.org, you'll get current info on all the latest mortgage industry fraud and scams out there, arming you with the knowledge you need not to get caught in the MortgageTrap. 

We believe in complete honesty - we don't like being misled or lied to, we've seen far too much of that occurring in the mortgage industry over our collective 50 years in the business.

Buying or Refinancing?  Take a few minutes and just read the articles above on Prepayment Penalties, etc.  This information can save you from sleepless nights, headaches, save thousands of dollar and can even save your home.

Then, send us your Good Faith Estimate (GFE) or HUD-1 Settlement Statement prior to closing and we'll analyze it for you to ensure there's no overcharging or undisclosed terms.

We are 100% committed to eradicating fraud, scams, shysters and unethical individuals from this business!

►  Are you an industry professional that wants to take a stand for ethics?  Brokers, lenders and realtors encouraged to join!  

Lenders Click Here to Join!                      Realtors Click Here to Join!


Each member on this site has signed this Residential Mortgage Advocate™ (RMA) commitment to ensure their high ethical standards and pledge to work in your best interests as your personal advocate.

The designation we give to these Members is not given lightly.  This designation, Residential Mortgage Advocate™, guarantees you will be provided with the best service in the industry.  Always ask your loan officer or realtor if they are a RMA member!

 

 

All members on this site have signed a Residential Mortgage Advocate™ (RMA) commitment to be totally upfront about their fees, rates and items they will need from you. 

 

Been Scammed or Dealt with an Unethical Lender? 

Contact Us or Report it to Your State authorities.

 

 

 

 

 

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