Fake Lock Rates 

When you get approved for a loan, you want to lock in your interest rate by paying a small fee. Beware, however, that there are lenders out there that will try to play funny with the rate. They will tell you it is not an absolute lock and will try to time your loan to the highest rate possible. Don’t believe me? The FTC fined Lomas Mortgage over $300,000 for doing just this.