rip off: Anatomy of a Bad Loan
- 03/17/07 10:35 AM
If your loan officer looks like Jules, you might want to keep shopping for a mortgage. The other day one of the loan officers in my office came in to show me a good faith estimate for one of her clients. The borrower didn’t use her for a mortgage, but instead used a company that called her off a trigger list. The borrower called my co-worker back after the closing realizing that she had probably been taken advantage of. Needless to say when we looked at the settlement statement we almost choked. I have posted the borrowers final good faith estimate … (3 comments)
If your loan officer looks like Jules, you might want to keep shopping for a mortgage. The other day one of the loan officers in my office came in to show me a good faith estimate for one of her clients. The borrower didn’t use her for a mortgage, but instead used a company that called her off a trigger list. The borrower called my co-worker back after the closing realizing that she had probably been taken advantage of. Needless to say when we looked at the settlement statement we almost choked. I have posted the borrowers final good faith estimate … (3 comments)
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