Scammers offering to refinance home mortgages are targeting the elderly and veterans in this area.
The scammers will smooth talk their way into having you pay an up-front fee in exchange for loan modification help.
The scams appear to have low interest rates, but in reality will rise substantially over time.
Lenders say this is a type of predatory lending, where non-legitimate companies take advantage of elderly who are living off a fixed income.
They may call or come door-to-door, but mortgage lenders are warning elderly residents to take extra precaution of the environment in which these scammers get you to close a deal.
Local lenders advise residents to ask questions at your local bank or financial adviser if you think you may be getting scammed.
The scammers will smooth talk their way into having you pay an up-front fee in exchange for loan modification help.
The scams appear to have low interest rates, but in reality will rise substantially over time.
Lenders say this is a type of predatory lending, where non-legitimate companies take advantage of elderly who are living off a fixed income.
They may call or come door-to-door, but mortgage lenders are warning elderly residents to take extra precaution of the environment in which these scammers get you to close a deal.
Local lenders advise residents to ask questions at your local bank or financial adviser if you think you may be getting scammed.
