Scott
Kentwood,#2Consumer Comment
Mon, March 03, 2008
Out of curiosity, are these rates going up because your ARMs are expiring? Have you read your mortgages to see if it might be due to a hidden clause, such as they are free to adjust your rates when you miss a payment? Option One is a subprime lender, which means you're with them because you have had other issues with other loans. I know. I've been there, and I've been with them. I never had an issue with them, although I was only with them about 18 mos. before I refinanced my 3 year ARM. Learn to read the fine print, and know what you are signing. Those forms that are placed in front of you at the closing are extremely important. The closing is the last time that you have to argue the fine print. Quit blaming the lenders so much. Yes, they are scum for taking advantage of people with poor credit, but people with poor credit should really learn their limitations. Home owning is a privilige, and not a right!
Donald
Warwick,#3Consumer Suggestion
Fri, January 04, 2008
To all you people complaining about Option One, I have two suggestions. File a complaint with the California Attorney Generals Office. You can download the form at the State of California web site. Also, The Federal Reserve Bank has a downloadable complaint form of their own at their web site. If we all get together and we all files these forms maybe somebody will do something about them.