Home › Forums › Closed Forums › Buying and Selling RE › Getting screwed by Bank of America
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September 15, 2009 at 1:43 PM #457713September 15, 2009 at 1:56 PM #456918
bill@yourfhaguru.com
ParticipantSorry for your trouble, I have heard similar stories lately about B of A and Wells Fargo.
The interesting thing is that most of “bailed out, big box” lenders are slow and expensive. Sadly in your case $100 a day more expensive.
Mortgage brokers have received a lot of bad press caused by a few bad apples however, the ones still in business can deliver fast service and better rates than the big guys. Which is why they are despertly trying to put mortgage brokers out of business.
Next time you may want to try a broker. I conduct a weekly rate survey at: http://www.themtgmentor.com/Rate_Survey.html
Best wishes for your closing.
Bill LadewigSeptember 15, 2009 at 1:56 PM #457111bill@yourfhaguru.com
ParticipantSorry for your trouble, I have heard similar stories lately about B of A and Wells Fargo.
The interesting thing is that most of “bailed out, big box” lenders are slow and expensive. Sadly in your case $100 a day more expensive.
Mortgage brokers have received a lot of bad press caused by a few bad apples however, the ones still in business can deliver fast service and better rates than the big guys. Which is why they are despertly trying to put mortgage brokers out of business.
Next time you may want to try a broker. I conduct a weekly rate survey at: http://www.themtgmentor.com/Rate_Survey.html
Best wishes for your closing.
Bill LadewigSeptember 15, 2009 at 1:56 PM #457452bill@yourfhaguru.com
ParticipantSorry for your trouble, I have heard similar stories lately about B of A and Wells Fargo.
The interesting thing is that most of “bailed out, big box” lenders are slow and expensive. Sadly in your case $100 a day more expensive.
Mortgage brokers have received a lot of bad press caused by a few bad apples however, the ones still in business can deliver fast service and better rates than the big guys. Which is why they are despertly trying to put mortgage brokers out of business.
Next time you may want to try a broker. I conduct a weekly rate survey at: http://www.themtgmentor.com/Rate_Survey.html
Best wishes for your closing.
Bill LadewigSeptember 15, 2009 at 1:56 PM #457525bill@yourfhaguru.com
ParticipantSorry for your trouble, I have heard similar stories lately about B of A and Wells Fargo.
The interesting thing is that most of “bailed out, big box” lenders are slow and expensive. Sadly in your case $100 a day more expensive.
Mortgage brokers have received a lot of bad press caused by a few bad apples however, the ones still in business can deliver fast service and better rates than the big guys. Which is why they are despertly trying to put mortgage brokers out of business.
Next time you may want to try a broker. I conduct a weekly rate survey at: http://www.themtgmentor.com/Rate_Survey.html
Best wishes for your closing.
Bill LadewigSeptember 15, 2009 at 1:56 PM #457718bill@yourfhaguru.com
ParticipantSorry for your trouble, I have heard similar stories lately about B of A and Wells Fargo.
The interesting thing is that most of “bailed out, big box” lenders are slow and expensive. Sadly in your case $100 a day more expensive.
Mortgage brokers have received a lot of bad press caused by a few bad apples however, the ones still in business can deliver fast service and better rates than the big guys. Which is why they are despertly trying to put mortgage brokers out of business.
Next time you may want to try a broker. I conduct a weekly rate survey at: http://www.themtgmentor.com/Rate_Survey.html
Best wishes for your closing.
Bill LadewigSeptember 15, 2009 at 2:56 PM #456928BGinRB
Participant[quote=Oxford]I just got off the phone with another lender and he said he could close in 20 days and says he gets “getting screwed by BOA” calls all week. I had a rate of 4.875% with 1/2 point with them. New guy offers 4.875 with 2 points.
I am not sure what to do now and starting to boil over. Do I wait it out? How long? Start a new loan process? Will the seller work with me on this?
[/quote]aimloan.com has 4.875 with no points if your credit score is 740 or better.
September 15, 2009 at 2:56 PM #457121BGinRB
Participant[quote=Oxford]I just got off the phone with another lender and he said he could close in 20 days and says he gets “getting screwed by BOA” calls all week. I had a rate of 4.875% with 1/2 point with them. New guy offers 4.875 with 2 points.
I am not sure what to do now and starting to boil over. Do I wait it out? How long? Start a new loan process? Will the seller work with me on this?
[/quote]aimloan.com has 4.875 with no points if your credit score is 740 or better.
September 15, 2009 at 2:56 PM #457462BGinRB
Participant[quote=Oxford]I just got off the phone with another lender and he said he could close in 20 days and says he gets “getting screwed by BOA” calls all week. I had a rate of 4.875% with 1/2 point with them. New guy offers 4.875 with 2 points.
I am not sure what to do now and starting to boil over. Do I wait it out? How long? Start a new loan process? Will the seller work with me on this?
[/quote]aimloan.com has 4.875 with no points if your credit score is 740 or better.
September 15, 2009 at 2:56 PM #457534BGinRB
Participant[quote=Oxford]I just got off the phone with another lender and he said he could close in 20 days and says he gets “getting screwed by BOA” calls all week. I had a rate of 4.875% with 1/2 point with them. New guy offers 4.875 with 2 points.
I am not sure what to do now and starting to boil over. Do I wait it out? How long? Start a new loan process? Will the seller work with me on this?
[/quote]aimloan.com has 4.875 with no points if your credit score is 740 or better.
September 15, 2009 at 2:56 PM #457727BGinRB
Participant[quote=Oxford]I just got off the phone with another lender and he said he could close in 20 days and says he gets “getting screwed by BOA” calls all week. I had a rate of 4.875% with 1/2 point with them. New guy offers 4.875 with 2 points.
I am not sure what to do now and starting to boil over. Do I wait it out? How long? Start a new loan process? Will the seller work with me on this?
[/quote]aimloan.com has 4.875 with no points if your credit score is 740 or better.
September 15, 2009 at 3:27 PM #456938SD Realtor
ParticipantOx you may want to give HLS a call.
September 15, 2009 at 3:27 PM #457131SD Realtor
ParticipantOx you may want to give HLS a call.
September 15, 2009 at 3:27 PM #457472SD Realtor
ParticipantOx you may want to give HLS a call.
September 15, 2009 at 3:27 PM #457544SD Realtor
ParticipantOx you may want to give HLS a call.
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