“Banks Can Play the Bait and Switch Game”
When I ran the numbers, the debt ratio did not work and I let her know. That is when she told me that the current bank said it didn’t matter because they owned the current loan. I hate to see business walk out the door but I let her know I couldn’t get her mortgage done.
Things changed when she actually did the mortgage application at the bank and that is when she sent me the email below:
I have been thinking about this and I want to wait until my raise takes effect in September and do the mortgage with you, as I really just do not trust XXXXXXX Bank. If you recall, they told me that my debt ratio didn’t matter because they have the current mortgage, but now they can't give me straight answers about numbers, so before they charge me fees I told them I’m going somewhere else. It does not sit well with me and I know that you will take good care of me.
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