The level of scam in mortgage industry is not critical, but you will definitely not like the idea of becoming a target of the scam. More useful tips about refinancing a mortgage are published here: Cost of Refinancing Mortgage - Free Mortgage Refinancing Tips Understanding Best Refinancing Options, How to Refinance ARM and Closing Cost on Refinance When Does It Pay to Refinanc Due to this we decided to share useful info about typical features of a mortgage refinancing scam. The Difference Between a Bank Loan Officer and a Mortgage Broker