There are enough complaints on many sites about AMERISAVE but let me explain how they truly make money. It isn't through lending but mainly offering the carrot of a loan by deceptive and false advertising to entice you into their web of deceit. AMERISAVE owns the appraisal company you are steered to, 375.00 of your money down the drain. Amerisave will lead you on to go to the next step which is to continue to dangle the carrot stick of a loan in the hopes they collect more money from you. After finally having enough in sending in paper work repetitively so another possible $500,00 loss could be incurred by you since they suppossedly locked in a loan for you. They don't have to do actual loans in a down market to make money, it's all about the appraisal and other scams. Don't believe me, just look up Amerisave complaints on the web and have plenty of time on your hands to read the reviews. My wife and I made the mistake of not checking up on this criminal company. How the government lets this sham and ripoff continue after all the problems within the mortgage industry, is beyond me.
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