Just opening the email this morning and again I read about another Real Estate “ring” that was broken up. This time this ring was apparently helping individuals who would not qualify for mortgage relief by showing them on how to falsify their income, employment, and assets to qualify for mortgage relief.

The heat is being turned on any type of mortgage fraught by calling the lender to task. Lenders themselves now have created and fine tuning on proactively detecting, spotting and preventing fraught.

Bad news for the fraudsters!

Also not to hot news for any borrower who is looking to borrow money at this time. Now every loan, proof of income and employment is being scrutinized, checked, double checked and triple checked. The mortgage approval process has moved from taking in some cases from 4 to 8 weeks and in some cases to 12 weeks especially when the loan is an insured loan.

In short!

When you are looking to buy a home anytime soon make sure you first get a mortgage approval not a pre-qualification before looking at homes. This will make the home buying process a lot less stressful and you will make the process a lot more enjoy full.