I would imagine this “loan person” is someone who works for the preferred lender who you were forced to use if you wanted to collect the incentives. Am I correct?
Also I would imagine that they will float your loan rate, until the close of escrow? Did you guys get the program where you lock in the rate now and then have 1 option to grab a lower rate if they go down?
Anyways, I am sorry to hear of your predicament. How long ago did you sign loan docs? When is close of escrow?
