Problem Solvers: Beware of Deceptive Mortgage Ads

KANSAS CITY, Mo. — It sounds good and it looks official – but beware.

That’s the advice from the Federal Trade Commission, which is cracking down on mortgage lenders relying on deceptive advertising to lure customers into bad deals.

FOX 4 Problem Solver Linda Wagar is Working for You with the report.

To learn more about shopping for mortgages, visit www.ftc.gov/credit and click on Mortgages & Real Estate. The Consumer Financial Protection Bureau has information about mortgages at www.consumerfinance.gov. The Federal Reserve Board also has several helpful publications and a mortgage comparison calculator at www.federalreserve.gov/consumers.htm.