Promises made and were not kept, I believe MiLEND’S primary objective was to get the appraisal paid for.
This was not my first time refinancing so I asked for the disclosure several days before we were to close, needless to say I was not emailed the report until the night before closing.
I was refinancing my loan and was to receive cash out. They requested a lot of information to which I promptly gave them; this procedure took over two months.
The night before I found out that after paying off my original mortgage, there would be a balance of 27 thousand dollars to which I was to receive $424.00.
My interest rate was increasing and my monthly payments were going up an additional $230.
I called them and cancelled the closing, I lost my $450 appraisal fee but it could have been a lot worst.
I am a senior citizen but I have not lost my mind. CAVEAT EMPTOR.