Cory
San Antonio,#2Consumer Comment
Mon, March 24, 2008
Appox. 5 years ago we received a phone call from EMC telling us they could lower our mortgage payment. They sent out some kid on a Wed night. We were interested in a 15 year note. I was talking to my present loan holder who was dickin around. The kid tells us our note will be around 5.75% for 15 years, takes a $250 depsit and tells me I'll get the truth in lending statement in around one week. We set the closing for TWO weeks off. TWO DAYS later my insurance company calls me and tells me EMC is trying to make them the payee. I tell them hell no, thanks for the call and not to allow anything to be changed. My next call is to my attorney who tells me to tell them to go screw themselves. I then call EMC, tell them to screw themselves based on my attorney's advice AND I want an immediate refund of my $250 which I got. The following week I get the truth in lending statement. They were gonna charge me 6.5% AND TWELVE THOUSAND DOLLARS in fees. TWELVE THOUSAND IN FEES. When I refinanced with my current lender, I got 5.5% and they charged me Eight Hundred and Seventy Five Dollars. $875 V $12,000. Talk about a rip.