Wow, that's pretty shady. I'd go talk to a lawyer and see if there is anything they can do. I think if the bank requires something like that, they are obligated to extend their rate freeze.

 

That's a jacked up rate(Even for middle of the road credit)
Ask to talk the branch manager,and let him know the next stop is BBB and his bosses.

 

What bank?

 

My score was 738. I told them not to bother calling unless it's below 6%.

I have a feeling a lawyer would pretty much tell me I'm fucked. Even in the best case I'd spend a bunch on lawyer fees and possibly court costs all to have a loan with people I don't care to do business with now anyway.

VSI out of Ft. Wayne.

 

I think that's your problem. After doing research, this isn't even a bank. It's basically a mortgage broker. Plus, they don't even have their own website. A google search reveals these people seem shady as fuck.



Seriously, you get what you pay for as far as service is concerned. This does not seem like a very legit company.

 

http://www.vsims.com/

at least they do have a website

 

ah, I guess they do. Looking over that site though, they have a total of 6 employees. Plus that site looks like it was made by a high school web design student.

 

that would be my luck, at least they didn't get me in the end. I wonder if I can take the appraisal and structural bullshit and shop around.

 

:rofl: yeah, the site is definitely not that great


the problem is that so many brokers popped in the last 5 years cuz of the boom.

you should be able to. the appraisal...at least in CA...is good for 6 months (at least that is what i was told by a broker) h:

 

Honestly, based on the size of the company and how shady they sound, I'm almost willing to bet they dragged their feet, required the structural bullshit just to go past the 30 day ratelock and try and lock in a much higher rate...I mean, from 5.6% to 7%? That smells like a huge scam. In the very least, they got the money for the appraisal and examination out of it. And also, he didn't call to tell you about the rate change until you called him to verify? Get real. This company blows.