Ameriquest Mortgage Company
Ameriquest overappraised our home and suckered us into deeper debt than we had before!

Any ideas would be greatly appreciated.

I am filing a complaint against Ameriquest because they failed to mention that we would have a prepayment penalty if we refinanced our loans at the end of a two year fixed rate before it switches to an ARM. We found that out through another company we were trying to refinance with. To prevent this, Ameriquest suggested that we refinance at this 2 year mark. Now we are having trouble refinancing with 2 mortgage companies so far because of this penalty and because we think our house was over appraised at the time. I researched into the Bush freeze plan and it looks like we won't qualify. Ameriquest has now switched over to Citi Financial and we called them about refinancing and about the rate freeze and they told us if our house was not appraised for a certain value, they couldn't help us. We just got appraised through another company and was appraised lower than what they stated. They tried not to help with the rate freeze and said we would have trouble qualifying for it. I can write a lot more regarding this but here are our options
at this point. Continue to pursue to refinance, try to qualify for the rate freeze which according to the qualifications, we only halfway meet them, try to make ends meet which may eventually end up into foreclosure. Any suggestions would help and would love to tell my whole story to somebody if only I had enough space to write.

Company: Ameriquest Mortgage Company
Country: USA
State: Indiana
City: Indianapolis
Address: 505 City Parkway West, Suite 100, Orange, CA 92868
Phone: 3172512266

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