Ziay!

blondie

Working with a mortgage company to refinace my home and the agent keeps telling me not to worry, we will close guarnateed. Now after a month and we still havent closed, we havent made a house payment in 2 months because he told us not to, and now the loan may not close because we are late with the mortgage payment. What do we do?

James D

This individual also has to be licensed to do business in your state. You may want to contact your state's Attorney General's office to find out what your recourse is.

Glenn_11

File a complaint with the FTC
Use the link below
http://www.ftc.gov/ftc/consumer.htm

WPS_1998

- Always, always, always, keep your existing loan payments current!
- Your missed payments have probably hurt your credit score too much for the loan he had in mind. Most home loans are bundled together by banks and sold as a block on the secondary market, so they must follow specific Fannie Mae-Freddie Mac guidelines in reqards to credit scores and other qualification issues. Find a local lender that does not package and sell their loans and so does not have to follow these guidelines. A small community bank, for example. Explain to them what happened and they may overlook any recent credit score problems resulting from this situation.
- Report the Mortgage broker to the Better business Bureau, and the State Real Estate Licensing Board as Mortgage Lenders in most states have to have a Real Estate License.

Good luck!