Fake mortgage (also known as fake loan) refers to a fraudulent act reached by buyers and sellers in the process of buying and selling houses. The seller fabricates the legal identity of a lending institution or bank, and provides false loan documents to the buyer, so that the buyer can pay the so-called down payment and loan interest. In fact, there is no loan transaction between the seller and the buyer. The seller just defrauded the buyer of money in this way. This kind of fraud is very dangerous, and it is easy to cause the buyer's property loss and credit history damage.

Fake mortgage will not only cause the buyer's property losses, but also threaten the buyer's personal safety. Because in order to buy a house, the buyer must provide the loan fee required by the seller, and may even raise a lot of money to enter high-interest loans, which has caused great pressure on family finance. In addition, if banks or lending institutions find that the loan documents submitted by buyers are false, they will not only be unable to obtain the relevant fees originally paid, but will also face legal punishment for fraud, which will seriously affect the reputation of buyers.

The most fundamental way to avoid fake mortgage is to choose regular banks or lending institutions to conduct house purchase financing transactions and avoid choosing unknown third-party intermediaries. At the same time, it is also necessary to verify the identity of the seller and ensure that it is legally licensed to operate. Before paying related expenses, you must carefully check the bills and contracts, understand the meaning and payment methods of various expenses, and try to avoid spending too much on loans and mortgages. When the abnormal situation cannot be solved, seek help in time and report to the relevant departments or institutions.