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  • Report:  #243953

Complaint Review: Countrywide

Countrywide BEWARE OF REFINACING NEED TO PAY APPRAISAL FEE BUT THEY WILL COME BACK WILL LOWER APPRAISAL THEREFORE YOUR INTEREST RATE GOES UP ripoff Rolling Hills Illinois

  • Reported By:
    — buffalo New York
  • Submitted:
    Sat, April 14, 2007
  • Updated:
    Sat, April 14, 2007
  • Countrywide
    1600 Golf Road
    Rolling Hills, Illinois
    U.S.A.
  • Phone:
  • Category:
    Mortgage Companies

they keep calling you 6 months after you have just refinaced to lower your interest rate, but you need to pay hundreds of dollars to have another appraisal.
well you do, and they come back with a lower apparisal on your home.

So guess what? now you interest rate goes up and so does your mortgage payments. My monthly payment was $788.00 and 6 months later it's $999.00. they will not sent over a new aprrasier without us coming up with the appraisal fee.(AGAIN!)

How does your home value depreciate $15,000.00 in less than 6 months?

this is how they ripe us low to mid. income familes off! I will try everything to change mortgage companies.

Joe
buffalo, New York
U.S.A.

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