Ameriquest Mortgage
Amc ameriquest screwed me ripoff

I refinanced through ameriquest back in 2003. They convinced me to go with a 2 year fixed mortgage so i could pay off other bills and have lower payment and that would fix my credit rating so i could get a good rate when i refinanced in 2 years for a 30-yr fixed.
Well 2 years went by i called ameriquest to refi and theres a problem when they did the original refinance they appraised my home at 95,000 well 2 years later the appraisal comes in at 78000. They will not refinance. Needless to say my interest rate will be 10.75% as of 9-1-06. My payment has gone from 453.00 up to over 800.00. When inquiring about my first appraisal i was told it was a verbal appraisal done by j& j appraisal - john dunn.

They also inflated my income and said i had a different job that i dont and never did have.

Also when i refi the first time i paid 6000.00 in closing costs and the person i dealt with advised if i refinanced with them in 2 years my closing cost would only be about 1000.00 well when i tried to refi they were going to charge me about 4000.00.

I'm not behind in payments nor was i ever but what am i going to do? They told me as long as i stay current my interest rate wouldnt go up. I have been on time and current? It goes up every 3 months.

Company: Ameriquest Mortgage
Country: USA
State: Michigan
City: GRAND RAPIDS

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