If you’re using LowestRate.com to find your lowest rate on a mortgage refinance, you’re chances of coming in contact with a scam lender are very low. But even so, as you refinance it’s important that you know the warning signs of refinance scams. You should always watch out for scams prevailing in the industry or you could end up with a bad deal.

To decrease your chances of losing money in a refinance, check out these refinance scam warning signs so that you can better identify a scam if you happen to come across one.

1. The Lender doesn’t disclose rates, terms and costs of the refinance: The law demands that lenders provide you with the rates, terms and fees on a variety of mortgages. Therefore, it should be a big red flag if the lender does not disclose the relevant loan information you need.

2. The lender requests that you sign a blank form: Signing a blank form gives the lender free reign to put down any loan terms he/she wants and will most likely end very badly for you.

3. Raising your payments : If you’re lender attempts to talk you into borrowing more than you can afford, beware! By signing up for something you can’t afford means you could end up in foreclosure. Your lender will collect the large amount of interest up to the point where they take away your home.

To ensure that you are not the victim of a refinance scam, make sure to check your lender’s overall profile and service background. You should also review the lenders’ past client testimonials, and be sure to ask questions that will help you make the best decision for you.