Washington Mutual Home Loans
Fraud, Lied, Bait & Switched ripoff liars victimized us

I was in the market to buy my 1st home. They approved me for a 5.75% rate and $910/mo payment with flexible payment options, no prepayment penalty and no fees. They switched rates and programs on me at least 3 times. Then when I went to sign the papers they had swutched the rate up again and put a prepayment penalty addendum to the loan. The final papers had a rate of 6.775% plus closing cost, prepayment penalty for 3 years and a monthly payment of $2300 with no payment options. I had no choice but to sign because escrow had to close that day or I would lose my deposit of $40,000.

They admited that the loan officer was at fault and credited me about $800 towards closing cost. But, I have a very high monthly payment now and I have to work twice as much to make the payment. On top of it all, I can't get out of this loan without 1st paying a hefty prepayment penalty.

This is a classic example of Bait & Switch.

Company: Washington Mutual Home Loans
Country: USA
State: California
City: San Juan Capistrano
Address: 32291 Camino Capistrano
Phone: 9492342900

  <     >