“Banks Can Play the Bait and Switch Game”
When I ran the numbers, the debt ratio did not work and I let her know. That is when she told me that the current bank said it didn’t matter because they owned the current loan. I hate to see business walk out the door but I let her know I couldn’t get her mortgage done.
Things changed when she actually did the mortgage application at the bank and that is when she sent me the email below:
I have been thinking about this and I want to wait until my raise takes effect in September and do the mortgage with you, as I really just do not trust XXXXXXX Bank. If you recall, they told me that my debt ratio didn’t matter because they have the current mortgage, but now they can't give me straight answers about numbers, so before they charge me fees I told them I’m going somewhere else. It does not sit well with me and I know that you will take good care of me.
Image courtesy of Iospere/freedigitalphotos.net
Subscribe to my blog via Email:
Joe Petrowsky, NMLS #6869
Right Trac Financial Group, Inc. NMLS #2709
110 Main St.
Manchester, Ct. 06042
Office: 860 647-7701 x116
Fax: 860 647-8940
Cell: 860 836-9294
Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.
Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.