Don't Believe Everything You Read

Mark Twain said “if you don’t read the newspaper you are uninformed and if you do read the newspaper you are misinformed.”  You have to be very careful of what you read online.  Not only is there incorrect information but there are scams too. 

The federal organization overseeing the administration of funds from the 2008 bailout has cracked down on alleged scams that used Bing and Yahoo to lure vulnerable homeowners with ads for bogus mortgage modification deals….. Full Article

You need to make sure you are working with an expert and someone you feel you can trust.  The days of needing to shop for a mortgage are gone in my opinion.  If you are worried you aren’t getting a good deal then you should stop working with that person.  No matter what product or service you are buying you can always find someone or something cheaper but keep in mind you are giving something up, quality, advice, honesty, etc.  That is especially true in Fort Lauderdale and South Florida seeing as we are the top in the country for mortgage fraud.  A mortgage isn’t just an interest rate and is actually far from it.