How To Avoid Mortgage Scammers In Ontario 2023
Posted by Frank Polsinello on
Mortgage scams can be devastating, leading to financial loss, ruined credit and even homelessness. In Ontario, the number of mortgage fraud cases has been increasing in recent years, with scammers taking advantage of the high demand for housing. Here are some tips to help you avoid falling prey to mortgage scams in 2023:
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Be wary of unsolicited offers: If you receive an unsolicited offer for a mortgage loan, be wary. Legitimate lenders don't usually solicit customers through phone calls or unsolicited emails.
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Check the lender's credentials: Before working with a mortgage lender, check their credentials with the Financial Services Commission of Ontario (FSCO) or the Canadian Mortgage and Housing Corporation (CMHC). If…
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