WASHINGTON, Dec. 7, 2016 /PRNewswire/ -- The Mortgage Inspection Service is warning homeowners to not fall for the no cost, or no out of pocket, home loan refinance because there is no such thing. Frequently 'no cost' home refinances involve equity stripping as the Service would like to explain anytime at 866-714-6466.
The Mortgage Inspection Service is the only group in the nation offering a very affordable mortgage document review and written report designed to ensure a homeowner does not get overcharged or cheated on a mortgage refinance. The group's mortgage document inspection report includes an assessment of the interest rate the consumer is being offered along with junk mortgage fees that are included with the loan. http://MortgageInspectionService.Com
The Service says, "We know radio or Internet ads about 'no cost' home loan refinances sound too good to be true, and more often than not they are too good to be true. As an example, most of these 'no cost home loans' involve stripping the existing equity out of your home to pay for the costs of the mortgage.
"Most these 'no cost home mortgage refinances' also include costs that could be greatly inflated over what a traditional home refinance would include. The traditional home refinance is paid for by the homeowner directly at closing. Aside from pointing out what the best interest rates could be, our mortgage document review report details every junk mortgage to a homeowner before they close on their home loan.
"Before a homeowner refinances their home, or gets led down the path with a 'no cost home loan' sales pitch, we are urging them to take advantage of our affordable mortgage document report. In most instances our mortgage document report will save a homeowner hundreds of dollars or more by identifying all junk mortgage fees as well as how much the lender is actually making."
For more information, a homeowner about to refinance is urged to call the Mortgage Document Inspection Service at 866-714-6466. http://MortgageInspectionService.Com
The Mortgage Inspection Service's no cost mortgage or home loan refinance report/analysis includes a brief conversation with the homeowner about their credit, specifics about their home equity, a thorough examination of the borrower's Good Faith Estimate, and a written report detailing specific junk mortgage fees, an inflated interest rate - or both. The typical turnaround time for the mortgage inspection report is 48 hours or less, and this service is available for consumers in all states including New York, California, Florida, Texas, Illinois, Virginia, Michigan, Idaho, Washington, Massachusetts, Pennsylvania, New Jersey, Georgia, Colorado, Arizona, North Carolina, Oregon, Ohio, Georgia, Maryland, etc.
For additional information, a homeowner about to finance their home with a 'no cost refinance' is urged to contact the Mortgage Inspection Service at 866-714-6466 for their unsurpassed services. The bottom line is, "Please don't allow yourself to get overcharged a home loan refinance with junk mortgage fees and/or an inflated interest rate from a bank or mortgage lender, and not know it." http://MortgageInspectionService.Com
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SOURCE Mortgage Inspection Service