- Report: #1150723
Complaint Review: AmeriSave Mortgage Corporation - Atlanta Georgia
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Author Not Confirmed
Why?
AmeriSave Mortgage Corporation
One Capital City Plaza, 3350 Peachtree Road 10th F Atlanta, 30326 Georgia, USA
Phone:
404-260-7566
Web:
www.amerisave.com
Categories:
Business Rating:
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AmeriSave Mortgage Corporation Misleading Sales Tactics; Bait and Switch behavior Atlanta Georgia
Report Attachments
I wanted to refi my 1st only and leave heloc open as it is estranged husband's debt. I specifically asked prospective lenders if they are willing to subordinate the loan with the holder of the 2nd. I even asked if there was a situation where they would not subordinate. They only said "it just depends on the other bank's policy regarding subordination."
The loan-to value ratio is an incredibly low 16.7%! my credit rating is 780. After three weeks of the most rigorous document demand of any closing I've ever been through (including 3 business property closings) they denied me because the heloc had a pre-payment penalty. They won't subordinate when there is a pre-payment penalty. They conveniently forgot to tell me that when I *very specifically* asked about subordination and what would prevent subordination.
Two bankers at Wells Fargo told me AmeriSave never even *requested* subordination, only *payoff* information. Secondly, I'm in the 2nd year of the heloc and the pre-payment is a whopping $500 at this point. And besides, *I was not going to prepay* !
Can you say *smoke screen* *only interested in the up-front fee*? Now I'm $440 out-of-pocket, I've lost 3.5 weeks of my life and back to square one when a potential client with my factors should be a slam dunk!
