Construction Home Loans - Many home builders offer customers construction, title and mortgage services all-in-one, and often offer incentives to home buyers who accept the full package of services.

Consumers should shop for the right mortgage to avoid being forced into a bad loan situation by a homebuilder. The reason is because affiliated arrangements open the door for fraud and ethical lapses, according to the Chairman of NAMB’s Consumer Protection Committee.

Although all-in-one packages are not illegal, there are cases in which integrated organizations overstepped the limits of legality and defrauded American homebuyers of thousands of dollars.

Builders use a variety of tactics, from making up for incentives with higher, undisclosed interest rates, to insisting that buyers use the affiliated mortgage company under threat of breach of contract.

Some consumers have witnessed the homeownership dream turn into a nightmare because of fraudulent practices, and the NAMB has stated it will continue its work to educate the public so future homebuyers are able to avoid this unfortunate situation.

NAMB is committed to stamping out fraud throughout the mortgage broker industry. The Association works to ensure that its brokers meet the highest ethical standards, and that homebuyers are well-educated to make the right decisions about their mortgage needs.

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