Refinancing my home. All loan officers are C*&*^& sucker bastards. The trick
works like this. They give you a statement what the loan is going to cost
(Good Faith Statement). Looks Good? Yes? Okay now they get you to pay for an
appraisal, ($350), But it has to be in assigned to their company, so if you
change your mind at the closing table you can't use the appraisal for a
different loan without there permission. So your over the barrel. Here are
the fees I love
Processing fee $498- what the hell are they processing, it not like there
making a deer into sausage, all their doing is looking at a few papers. This
is the process, he has a good credit score and the appraisal is high enough,
approved or denied. BS
Underwriters fee-What the hell is that and why does it cost $660? BS
Application fee $350. Wasn't that covered in the processing? BS
Witness closing fee-$175 At least its creative. BS
Imaging courier wiring-$165 Really meaning, they are sending a fax. BS
So Almost $2000 in BS. Loan officers response "these are standard loan cost"
Than after all this they have the nerve to charge a $1570 origination fee.
Like this fee is somehow different. F&*^*(&^eeeeeeeeeeers
Okay now your at the closing table and your kinda depending on the money,
time for The Good Faith F-ing. It could go either way, but surprise surprise
there is $800 charge in their favor. Bastards. And at this point I am too
much of a pussy to turn it down because I really need to money. So I grab
for my crumbs and scamper off with my tail between my legs.
But don't feel too sorry for me, I got the money to buy an under valued
beach property form an old lady that lives out of town and does not know the
real value.
Yes, I am
going to Hell, but a least I will have a good tan and maybe I can watch my
loan officers suffer too.
RMac
PS And after all this the credit reporting companies sell your name to all
the other Mortgage brokers so you get endless spam and telephone calls that
go like this. "Hey Ray how are you doing?" like they know you. "this is so
and so with Sucker Turd Mortgage, we heard your shopping for a loan"
Grrrrrrrrrrr