If you’re in the market for a mortgage, you’d do well to arm yourself with some knowledge before you go knocking on lenders’ doors. I’ll soon point you to where you can learn a lot in short order, but first, here are a few mortgage traps to be wary of, some courtesy of mortgagetrap.org.

When you get a [tag]mortgage[/tag], you’ll unavoidably face a flurry of fees. But not all of them are perfectly legitimate. Ask for itemization of fees and scrutinize them. (Know that if one lender quotes you a very low interest rate, it may make up the difference in steep fees.) If a mortgage broker is charging you an underwriting fee, question it, since the lender does the underwriting, not the broker. If you’re charged $100 for a credit check, question that, since these generally cost between $10 and $20.

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