• Though interest rates are presently low for residential home loans, many people are unable to refinance their loans as they are "upside-down" in their loan (i.e. their mortgage exceeds the value of the home.) Unfortunately, there are dishonest crooks who claim they can get your home loan refinanced at a low rate but they require you to pay them      'advanced fees'. 

  • It is illegal for anyone to charge advanced fees / upfront fees to refinance a loan. 

  • Many of the loan modification crooks demand the advanced fees / upfront fees. They keep the money but do nothing for the homeowner. 

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