Article: Home Equity Loan ? Beware Of Equity Stripping Scam
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Home Equity Loan ? Beware Of Equity Stripping Scam
The market for mortgage refinancing has been brisk during the last few years. The boom in business can be attributed to interest rates that have been at or near historic lows, and to lenders who have more money to lend now that they aren?t investing in risky tech stocks anymore. Low rates and agreeable lenders are certainly good for consumers who might be interested in refinancing their home or taking out a home equity loan. Those considering such loans should be aware that the booming market for refinancing has led to increased competition among lenders. And when the competition increases, so does the number of lending scams.
These days, lenders are surprisingly aggressive. It?s not unheard of to have people knock on your door, asking if you would be interested in refinanci...
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