Fixed or Adjustable, what is my rate? Whatever is on your loan docs, just sign and it will be "rectified" No problem. SIGN on the Line your name and smile - congratulations on your New Loan. Clients signed into a: 1-Month Libor, Adjustable Rate Rider, Interest Only, Prepayment penalty. They wanted a Fully Amortized Fixed Rate for 30 years and enjoy with pride of ownership - their very own HOME, at last? Guess again... You signed and you are liable, you signed because you should have known better, you signed because you relied on their statements, you signed because he said so, worst of all you sign because you are stupid..? Is there something you can do or not?
All answers to the above:
YES or NO
for thousands out there that answered - NO, too bad because you will have to double up on your job, bitch and moan that there is no money left in your overdrawn acct. Divorce maybe? How about just turning your backs and walk away, that's life...
IF YOU ARE CONCERNED THAT OTHERS MAY BE NEXT then the correct answer should be a resounding YES!!! It only works out better that way. Others first then answers to yours will be laid down for you...
This is what happened, Virtual bank's Roger Brown and Jerome Gentolia, a Mortgage Broker did to someone close. Make note of these people... The bank? Stands corrected till they fix this problem.
Fixed or adjustable? Ask your Broker this:
What is the treasury security of comparable maturity on the 15th of the month before the month my loan application was received? Then verify it here:
http://www.federalreserve. Gov/releases/h15/
when you get to the federal reserve website click the month before your loan closed then check the 15th scroll down to: Treasury Constant Maturities. Here you then ask your Broker what value did they use for your loan. If they can lie cheat and steal, here they better not try or their Bank is closed.
Have them encircle the value and fax it to you before you sign your loan documents. This will secure your confidence as far as your true Loan program - fixed or adjustable? They can run but they cant hide avenuesdotlendinghandatgmail for further assistance keep in touch by sedding your comments. Stop predatory lending and mortgage fraud.
The home you save may be your own. If you see one wrong call or email the FBI and the IRS - CID ASAP.
Home owners beware and be carefull out there!!!
Dont say no anymore... Dont let them get away and hurt the next person. If we save one person each, we can make a world of difference. Godspeed.
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