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re-financing

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F

Freddie

Guest
freddie,
i started re-financing in october. i was supposed to lock in a intrest rate of 6.25% the first week of november. due to there lack of speed in working on my case, a second credit report was obtained with problems that were not on the first report. as a result, i ended up with an 8.25 percent rate and still am waiting to close. is there anything i can do about this situation?
 


V

vrzirn

Senior Member
NO!!! See my post this forum 12/13 and response by Home Guru.
My loan finally approved but much higher because of 3 1/2 wk delay beyond lock time expiration. I yelled and screamed and they came down 1/2pt so 3/8 higher than original lock. I don't see how they ever got to over 8% on your loanwhen avg. about 7 1/4. (Possible typo error?)Try some yelling and screaming at VP level. You are at their mercy.
 
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