Hard Money Scam Artists!

They are alwyas out there but when times are tough they seem to multiply. This recession is no different, and you can be sure the scam artists are waiting to take advantage of those most desperate for a solution.

Greater Toronto Homeowners are being ripped off by so called  hard money lenders advertising their “fast cash” Second Mortgages.

They approve your application very quickly and then ask you to send them $500 cash to get started. This is a SCAM and I want you to stay away from these people. If you have already made contact with them, report them to the Financial Services Commission of Ontario (www.fsco.ca).

In Ontario, it is illegal for mortgage brokers, or any lenders for that matther, to request up front fees on all mortgages below $300,000. If your mortgage is below $300,000 then they can’t ask you to send them upfront money to get started.

In the future, find a Mortgage Agent you trust and stick with them for life. Mortgage Brokers usually start working with clients on their first home purchase and then look after their futuer mortgage needs – renewals, debt consolidation mortgage refinancing, home equity loans and/or second mortgages.

By providing great service, best product choice, the best rates on the market for their situation and fantastic advice, Clients stay with me for life.

Unsure What To Do Next?

Discover How I Can Help You Save Time, Money and Hassle with A Free Consultation.

In your free consultation you will discover…

• How to ensure quick approval for your financing
• How to qualify for easy and comfortable monthly payments
• How to avoid the costly financing pitfalls
• How to get the required financing you need and deserve

Reserve Your Free No Obligation Consultation Today:

Call: 416-908-2070

Email: matthewhines@homenwork.com