AnnieMac Home Mortgage NOT RIGHT MORTGAGE FOR US!! THANK GOODNESS IN NJ THE LAW PROTECTS US!
I canceled the loan after we Esigned, yes Esigned another rough estimate of what our mortgage would be and it stated $19,752 in fees,! Are you kidding me.
So I politely sent an email a day before closing and said thank you very little I will not go through with AnnieMac Home Mortgage.
They continued to try to tell me how it would benefit me and my children to keep this mortgage and how much more money we will have.
FYI: my goal was to lower my mortgage payment so I can continue to free up some money so I can live in my home comfortably.
With this wonderful new mortgage my mortgage payment would stay the same as it was because they got their $6000 to go to HUD and their $231 per month for mortgage insurance!
Are you kidding me! And they continually repeat to me don’t worry about it, it’s best for you and your family you’ll have money in your pocket because I was taking $33,000 out to redo my kitchen.
So now my $33,000 kitchen is really costing me $52,000 including the $19,000 in fees for getting the mortgage.
So obviously thinking I was as stupid as other people that fell for this BS, they would repeatedly happen to have the documents ready to be signed on Sunday because would be closing on Monday, so I was told to hurry up and sign.
This is a month after I kept asking questions about the fees, what are the fees?, what are the fees?, please explain the freaking fees.
Just be upfront from day one! DON’T EVER SIGN AND WAIVE YOUR RIGHT TO CANCEL THANK YOU TO THE TRUTH IN LENDING ACT THAT GIVES YOU 3 BUSINESS DAYS WITH NO COST TO YOU TO GET OUT OF BS REFINANCES!
google.com/amp/s/www.zil… This is just my experience and I wanted to let people know you can back out at no cost.
Others might get a great deal but not me. I can show you all of my documents if you want.
I finally got an answer the day before closing and they finally sent me a document that actually showed the list of fees.
Wait a minute, I thought there were no fees! Still waiting 6 weeks later for my good faith estimate required by law.
How can you continually tell someone there’s no fees and you do the math and there are fees and then low and behold I finally see a document the day before closing that shows the itemized list of fees that I had been asking to see for over one month.
I was repeatedly told there are no fees it’s being rolled into your mortgage don’t worry about it.
Are you freaking kidding me! It’s in black-and-white on the paper!
The extra money you are charging me are called FEES.
Finally I started receiving summarized document showing that my closing cost would be.
Never an itemized good faith estimate, but these fees started at $14,000 went to $16,000 the next day $17,000 and the final straw was $19,000 in closing fees and another don’t worry about it Hon!
Don’t call me Hon because you want to be disrespectful because I’m not buying your sales pitch.
This included $6,000 to go to HUD as if I don’t pay enough taxes.
On top of that you have to pay PMI or mortgage insurance in the amount of $231 per month in our case for 11 years!
I also had to pay a point to bring the interest rate down to a big 4.375%.
I still have not received my original documents since July 2017 it is now mid September of 2017.
AnnieMac advertises zero fees, zero closing costs, zero this, and zero that.
Then low and behold if you do not have perfect credit all these fees magically appear like insurance costs on your mortgage so you’re telling me I don’t have perfect credit and now you want to drown me in fees.
I TOLD THE LENDERS MY CREDIT WAS SO BAD BEFORE WE STARTED! I could understand a couple thousand in fees but not $19,000!
Thanks for the help, but I’d rather not. The first red flag was no fees and no closing costs, came into my home and had me sign the estimated fees stated on the papers at $14,000 in closing costs and they both sat there and said don’t worry about it, we’ll just roll it into your mortgage.
Ugh! What do you mean don’t worry about it that’s coming out of my equity on my home and I have two more children going into college in two years? Giant red flag when people tell you don’t worry about it, we’ll just roll it into your mortgage, but I’ll wave my $1450 fee for you.
Big Whoop Dee Doo. Thanks for the help. Of course they are the fastest-growing new mortgage company!
They’re getting $19,000 from me alone! They also offer the worst thing that ever came about, the reverse mortgage! Another red flag!Just ask Suze Orman.
Haha! I paid off credit cards w/savings and will refinance again soon w/better credit!
Please read from US Government before buying or refinancing: nj.gov/dobi/division_con…
This is just my experience, but I’m so glad I kept that $19,000 for us!