Ameriquest Mortgage Company
Ameriquest Mortgage Outragous Interest rates, and closing costs Ripoff

Luckily after reading complaint and looking at the paper work I recieved in the mail today I declined the loan from Ameriquest Mortgage. I currently have a 30 year fixed rate loan with 6.75% interest. My problem is about $12,000 in credit card debt I wanted to consolidate. Ameriquest offered me a 30 year variable rate loan with the 1st 2 years at 9.6% and 28 years at 12.6%, with $6218.00 in closing costs. And a prepay penalty of 6 months interest if you paid off or sold or refinanced before 3 years was up. I told them no thanks so the branch manager then calls me up to tell me what a great deal it is. Yeah double my current interest rate plus $6218.00 in closing costs, what a deal that is. No way not me buddy. I will find another way to pay those credit cards off and keep my 6.75% rate I have now.

Company: Ameriquest Mortgage Company
Country: USA
State: Indiana
City: Indianapolis
Address: 10 West Market Street Suite 1020
Phone: 3176126601

  <     >