I, refinanced my home through ameriquest, at the time they made me an offer i couldnt refuse. I had some debts so i wanted to use my equity to pay them off.
Unfortunately i was told that in order to qualify i need a higher income and my house needs to appraise for more than what its worth, the lender told me dont worry i can make that happen. He had a friend who owed him a favor. So he put a loan package together i looked it over and i told him the mortgage payment was a little high, he said well i put all your taxes and everything in with your payment. I then told him can you try to bring it down just a little, he then said ill tell what ill do for you, if you can pay 4 months on time without any lates i will refinance you again wave your pre-pay penalty and lower your payment to maybe half, but you have to trust me on this. I am trying to help you no one else will be able to. So we waited and called back in 4 months and they told us theres nothing they can do we are under contract to pay. We can try there retention program, but they denied us. So i am in pre foreclosure now and they are calling everyday. I dont know what else to do.
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