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Company Loan Type APR Est. Pmt.

Is raising the loan interest rate up at closing from the committment rate legal?

Posted on: 24th Jul, 2009 09:58 am
I have a commitment letter from a bank for one rate but when the closing papers arrived at the title company the percentage they listed was 1/8th point higher. Is this legal in Idaho?
atelier98

If your loan officer locaked down your interest rate, they shoudle be changign ti at the closing, unless some thignc ahged on your side

Good luck
Posted on: 24th Jul, 2009 10:34 am
discuss it with lender & ask the reason from him. negotiate on it
Posted on: 24th Jul, 2009 10:59 am
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