American Financial Resources
Mortgage ripoff and delay in loan causing rates and points to increase

I made application with broker on May 31st with all paperwork and appraisal costs paid. At first they promised me a jumbo loan at 6.25% but after 2 weeks they said that only a loan at 6.50% was available. I went ahead with the higher cost loan and they jerked me around until June 25th, when they called and said that even though i had a commitment letter from the bank, that my loan was not approved and that there was nothing they could do. Now I must go and start all over again and rates have increased and I am out of pocket for the costs I paid upfront. Stay away from American Financial Resources Inc. At all costs!!

Company: American Financial Resources
Country: USA
State: New Jersey
City: Denville
Address: 273 E. Main St
Phone: 9737970300

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