I refinanced with Ameriquest about two years ago and really got taken. I ended up with huge closing costs, tons of inaccuracies in the mortgage, a 3 year pre-payment penalty, adjustable rate mortgage with payments that keep increasing, very high interest rate of 9.65%, huge payment that I can't afford, people never call you back, etc.
After I got the mortgage the guy who "helped" me was fired and they made me re-fax tons of documents etc. I also keep getting offers that they will re-fiance and when I looked into it I was told they wouldn't do it (so why were they sending me letters to re-finance).
I'm stuck and can't even afford basic necessities. I just recently almost lost my house to foreclosure as I was behind on both mortgages. Before I re-financed I had gotten taken even worse by Bank One with a 14% interest rate on a second mortgage. I am currently trying to re-finance as Ameriquest had to take the pre-payment penalty off once I paid the huge fees associated with almost getting foreclosed on.
I had to borrow the money from my Mom and now I owe even more money. If my credit was good enough I'd move but I'm stuck there. I hope they get sued and are forced out of business.
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