Each year uninformed homebuyers, usually first time purchasers or seniors fall victim to predatory lending known as loan fraud. True, there are many lenders, appraisers, brokers and other real estate professional that legit ably want to assist you in obtaining a nice comfortable home with a great loan but always remember that trite phrase buyer beware.Buying or refinancing a home is one of the most important financial decisions that we make, it is vital to learn as much as we can about the home loan process.