Guaranteed Rate
Promised one thing

I applied for a home mortgage last August. I was told that I had locked in a rate of 3.5% on a 15 year mortgage of $417000. It took guaranteed rate 4 months to get final approval for the loan, but finally I was told that we could close. My mortgage broker then asked me if I would be ready to close in two days and I assured him that I was completely ready. Steve then told me that there would be even though I had locked in my mortgage rate, I was subject to additional interest fees that would be charged because he had had to extend the rate twice. After four months, thinking that I had brilliantly time the rate, and for the first time I was informed that I was subject to additional fees. First time, the week of closing. These new fees effectively rendered my "rate lock" a joke. What a scam! Fortunately, I am in a position to refuse their scam, and go get a another mortgage from another lender. I have lost my well time lock, however.

Company: Guaranteed Rate
Country: USA
State: Illinois
City: Chicago
Address: 3940 N. Ravenswood
Phone: 8669347283
Site: guaranteedrate.com

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