Usacomplaints.com » Business & Finance » Complaint / Review: Quicken Loans - Bait and Switch, illegal & Unethical charging of discount points. #472306

Complaint / Review
Quicken Loans
Bait and Switch, illegal & Unethical charging of discount points

I also have already been cheated by Quicken Loans. Like the rest of the grievances against them, quarry include being informed my revenue was adequate to obtain a 4.5% 15-yr. Mortgage with 0 discount factors. After arranging an evaluation, I had been informed from the APPRAISER AND NEVER Accelerate they were informed to not continue. After I named Accelerate 24 hours later, they stated their underwriters declare my revenue was also low for this price at 15 years. I said good and farewell. 24 hours later I get an unwanted phone in the "Team Leader" saying they'd an "option": I really could obtain the same price of 4.5% for 30 years with 0 discount pts. After I questioned him how he might do that, he mentioned "since he desired to preserve me like a client." All a quick, he required piles of extra paperwork that we started to submit in addition to files on the site that required "E-signing". One was a NY State Rate Of Interest Disclosure which all a quick had 2 discount factors put into it-which might have charge me nearly $4000 more! Meanwhile, I'd never had the opportunity to gain access to the acceptance notice and Good-Faith estimation that allegedly was on the site. Meanwhile, rates of interest started to increase and that's why they no further desired to recognize the prices they'd initially promissed. The corporation is completely dishonest and SHOULD BE STOPPED! I'll start a class-action suit against them. Anybody involved that's been robbed by the corporation may contact me at [email protected].


Offender: Quicken Loans

Country: USA

Category: Business & Finance

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