How to Avoid Mortgage Fraud

A recent post on the Canadian Real Estate Magazine website, states that according to some experts, mortgage fraud is far more common in Canada lately that most of us are aware. The promise of ‘easy money’ in real estate, is a risk that can leave you in legal and financial trouble. To help you avoid this trouble for yourself, let’s answer some questions: How do you identify mortgage fraud? Mortgage fraud is misrepresentation of information to help you obtain a mortgage, including: Inflating your income or misrepresenting your job Misrepresenting your income (stating you’re salaried, when you are contract, etc.) Not disclosing current debts and/or…