former_mortgage_molestor
Austin,#2Consumer Comment
Tue, July 10, 2012
This company sucks. They are out to stick it up Vets a hole's with closing fees and a funky monster chart using deceptive techniques and very very fuzzy math. They will refi you time and time again with different rates.. Only ONE product. 3/1 ARM. 1% orig fee, 2% loan discount, 1/2% VA funding fee along with title fees, etc etc etc. They are pushing the 2.5% 3/1 ARM with 3 points. Just got a 5/1 ARM 2.625 rate NO POINTS. They are going right back to people they put in 3.5 rate ARM 2 1/2 years ago and trying to put them in a 2.5% ARM, charging the same fees all over again, knowing full well those people are going to drop to 2.5% in the next 4 - 6 months because of the low CMT rate. They are absolute ripoff artists and 99% of the so called loan officers that come to your home don't know jack sheet about mortgages, they just put them thru the boiler room education process and they go pass a test to get license, basically from craming the day before. They don't have a frigging clue and most couldn't tell you what a jumbo loan is , how to finance it, what the parameters for a conventional loan versus a FHA loan are. Idiots. Call your attorney general if they won't stop calling you. Report them to the FTC as well. Nothing but snake oil , high pressure sales jerks.