My mortgage broker withheld information that my interest only amount was a teaser rate. After 3 months, went from 2400.00 month to 4100.00. Unreachable. Now in horrible situation, can’t refinance – no equity in this market. He also misrepresented our income and called it "stated". We did sign the papers but didn’t notice what he [...]

If I got a GFE(good faith estimate) from a mortgage broker/lender and then finally we negotiate prices. Now can we make sure in writing that the broker/lender stick to what they gave in GFE ? 1) Can we get this is writing ? 2) Does brokers/lender change the numbers at the actual closing compared to [...]

I am pursuing redoing my mortgage on my own…….how do I know if I could get a better rate through a mortgage broker? Do they have their own seperate fees or roll them in? As one person wrote, a broker or loan officer has several lenders to choose from to find a loan that best [...]

Hi, now that the closing date is behind me (meaning I already own the property), should I still deal with the mortgage broker or should I deal directly with the bank (=the lender) if I have different questions or requests? For example if I want to skip a payment or pay double one month should [...]

1) Does mortgage broker have to get my signature when they lock the rate ? 2)Do I get any paper or document as a proof that the mortgage/broker or lender has locked a rate for me what he has promised ? No they do not require your signature to lock a rate. And yes you [...]