12-21-2010, 02:34 PM
I was a Countrywide customer after my original loan sold to them. Then, like many became a BOA one. I wanted to refinance and started the paperwork with BOA, after a week of or so of collecting, scanning, and email I found the loan would not close for two months. BOA told me no one else would do a re-fi after having been less than 6 months off the market.
Unhappy with that, I called up and found another company, American Equity Mortgage, and for virtually the same cost I got my refinance in about 3 weeks. AND for that price I also got a real appraisal, which BOA would skip (but somehow that didn't lower the cost) because I was already on the books, and have a lot of equity. What a whopping lie the loan guy told me.
I keep their credit card because I have a good rate, but wouldn't choose them for a mortgage. They used to have a "mortgage adjustment", cost $400 and lowered your rate on the original loan, no other paperwork. The loan weasel said oh, yeah, I did that. We don't do it anymore....
Life goes on, with you or without you.
Unhappy with that, I called up and found another company, American Equity Mortgage, and for virtually the same cost I got my refinance in about 3 weeks. AND for that price I also got a real appraisal, which BOA would skip (but somehow that didn't lower the cost) because I was already on the books, and have a lot of equity. What a whopping lie the loan guy told me.
I keep their credit card because I have a good rate, but wouldn't choose them for a mortgage. They used to have a "mortgage adjustment", cost $400 and lowered your rate on the original loan, no other paperwork. The loan weasel said oh, yeah, I did that. We don't do it anymore....
Life goes on, with you or without you.
Peace and long life