Saturday, June 1, 2013

After closing on a refinance, compnay wants to change what is ...

Normally I would say walk away,? However, mortgage rates just went up .75% in the past week.? As much of a pain as this appears to be, you might not be able to replace the rate you have locked with this refi, if you walk away.? I'd say fight through it, and see it to the end.? The amount of money it will save you in the end, will more than justify it over the long term.??? As for "insisting they close on the current docs"... insisting might not get you anywhere unless you are an attorney.

Not to mention, all licensed mortgage loan originators in CO must now carry E&O insurance.? If their mistakes are costing you real money, sue their E&O policy for the losses, once the process is finally over and the dust settles.?

Source: http://www.zillow.com/advice-thread/After-closing-on-a-refinance-compnay-wants-to-change-what-is-escrowed-will-not-fund-loan/494662/

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