As is the case with any other industry, you have to be careful when you are thinking about home refinance that you avoid the scams that are out there. It does not seem like one could be scammed when it comes to refinancing their home, but many people are scammed or simply intentionally given misinformation about their refinanced mortgage loan. Many of the people that have had run-ins with these scams have ended up in a terrible financial situation and others have actually lost their homes.Home Refinance ScamsNo one wants to think that there are people out there that want to take advantage of us and our situation, but there are. Most of the home refinance scams that are out there today take advantage of people who are already struggling to make ends meet. If you are falling behind on your mortgage payment you may receive letters in the mail telling you to refinance, you may also receive calls, and someone may even come knocking on your door to tell you how they can help you.When you are desperate, you are willing to accept any help that you can get and embrace it. The problem is that a lot of the people that you will meet during this time are simply there to take advantage of your desperation. They will tell you just about anything to get you to sign on the dotted line without really looking over the papers. Then, when you receive your first statement, you will find that your payments were much higher than you had anticipated or you may be looking at balloon payments or an adjustable-rate mortgage. While it seemed like a good idea at the time, many of these programs simply get you into a different type of financial trouble than you were in before.When you are approached by anyone about home refinance, you should be sure that you are not doing it for the wrong reasons. When you refinance your home, you should do it because it is going to save you money in the long term not just right now. Many people get taken with the idea that they can save money right now and they ignore the consequences of the loan that will come down the line. Make sure that you understand all of the ins and outs about the loan. You should make sure that you look at what the mortgage payment will be each month, check to see if there will be adjustments to the interest rate, look out for balloon payments, and always be cautious if you are approached about consolidating your debt.If someone comes to your door or continues to call you and send you things in the mail about home refinance even after you have explained that you may not be interested you should be weary. While some of these offers may be legit, you want to make sure that you are dealing with a company that can respect your personal situation and will not try to pressure you into refinancing. Scams are out there, so make sure if you do decide to refinance that you question everything, read over everything, and if something does not add up get out. Do not simply trust someone because they say they are an authority because this can come back to bite you in a big way.