How to Avoid VA Loan Scams 2022
Table of Content Largest Retiree & Veteran COLA Increase In Decades Approved Signs of a VA loan refinance scam CFPB Supervisory Examinations Find Credit Reporting Failures, Junk Fees, and Mishandling of COVID-19 Protections Fraud Indicators Toolkit and Crime Alerts Who Is Eligible for Servicemembers' Group Life Insurance (SGLI)? You should also be suspicious if something seems too good to be true. Scammers are promising extremely low interest rates to entice victims. They’re also promising or guaranteeing that they can prevent foreclosure. If something seems too good to be true, it’s a strong warning sign of a scam. Instructs you to make a mortgage payment by money order or gift cards. The VA wanted to make refinancing from one VA loan to a new VA loan cheap, easy, and straightforward. It eased up on many bureaucratic procedures, which is helpful for borrowers but may have left IRRRLs more vulnerable to abuse. For instance, you might get a 3.75% mortgage rate, at a cos...