Ameriquest Mortgage
Ripoff, predatory lending, false information

I was offered a refinace loan with ameriquest. At the signing i was told i had to write a statement of additional income that i did not make. I was not told this until we had already started signing the papers. The salesman then called in the manager when i started questioning the cost of the closing and false income statement, he pressured me into the loan because he knew of my financial situation at the time.

I was told i had 7 days to back out. But the salesman assured me that in 6 months i could "streamline into a fixed rate" i was contacted by a rep several months later, he sent me truth in lending papers that i did not request.

Ameriquest wanted $8,000.00 dollars to refinance. The first loan they charged me $11,000.00. I refused to refinance. I was told they do not streamline loans that the site in lincoln, ri made a mistake in telling me that. The salesman from the lincoln office also told me that the refinancing would only cost around $3000.00 because i was already with them.

Now they have raised my mortgage $126 per month because they paid my property taxes in full instead of quarterly. This put my account in the negative which increased my mortgage to more that i could afford at the time. If i do not refianance with them now my rate will change in 9 months and again 6 months after that. If i try to refinance with antoher mortgage co i have pay a prepayment penalty of $6000.00 and now they want $9000.00 to refinance. I would gladly join a class action lawsuit against them.

Company: Ameriquest Mortgage
Country: USA
State: California
City: RANCHO CORDOVA
Address: 10600 WHITE ROCK RD
Phone: 9168534714

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