3 scams to avoid when locking your loan

Borrowers often blindsided at different stages of lending process

Shopping for the best deal on a home loan has many pitfalls, but by far the most daunting is that lenders will not commit to the prices they quote to shopping borrowers. While borrowers seldom realize it when they begin the process, the fact is that they are forced to select loan providers without knowing the exact price they will pay.

Why quoted prices are subject to revision