Amerisave has an automatic online interest rate calculator - which gives attractive rates. These were later confirmed by the company after FICO scores and income was submitted to Amerisave. I was presented with a "good faith estimate" and had to pay for the appraisal. Had appraisal and a lode of paperwork (tax returns, banckl accounts, checking acocunts etc) sent to Amerisave. All this was verbally approved as meeting loan guidelines.
Awaited approval at stated rate but was denied. I applied in early February and by the 25th they said they wanted my yet unfiled 2011 Tax returns. They notified me that Loan was cancelled and If I want to get a loan they would await my 2011 tax returns which in the USA is required by April 15, two month hence. This is a tactic to extract more fees and increase the loan rate, as rates are increasing daily. I have excellent credit and make a good income way more than the ratio required for this loan.
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