Posted on: 09th Sep, 2008 06:17 pm
my original loan was 125 thousand, by the time the mortgage companies shifted my loan around to several different mortgage companies it was one hundred thousand dollars more. Why?
Welcome Rememberwin,
Perhaps the lender/broker to whom your loan has been shifted, has inflated the appraisal and that's why I think the loan amount has come out to be much higher.
Perhaps the lender/broker to whom your loan has been shifted, has inflated the appraisal and that's why I think the loan amount has come out to be much higher.
i feel pretty certain that nobody on the forum will have an answer that is quite correct. i would hope you've already asked that question of your loan officer. please elaborate on what's already transpired, because this situation truly makes no sense.
Hi Remeberwin,
Either we're talking about some serious mortgage fraud OR you bought the house, it appreciated then you refinanced with cashout 1 or more times.
Either we're talking about some serious mortgage fraud OR you bought the house, it appreciated then you refinanced with cashout 1 or more times.
Yes, definately consult an attorney.