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tico
Guest
What is the name of your state?washington state
i recently purchased a home. a good faith estimate (gfe) was provided showing a 90% first mortgage at 6.75% rate and a second good faith estimate showing a 10% second mortgage at 12.99%. I received and signed both of these gfe's with in three days of my application. the loan closed one month later, but the loan documents were written with a 80% first at 6.75% and a 20% second at 12.99%. I didnt notice this until after the loan closed. When I contacted the mortgage broker asking for the correction to the loan he refused. he said he sent me a new gfe in the mail 7 days and covered it verbally before closing. this was untrue, I was never told about, received or signed different gfe's. Because of this error I will probably be paying about $72,000 more over the life of the loan. do I have any recourse against the mortgage broker? or the lender?
i recently purchased a home. a good faith estimate (gfe) was provided showing a 90% first mortgage at 6.75% rate and a second good faith estimate showing a 10% second mortgage at 12.99%. I received and signed both of these gfe's with in three days of my application. the loan closed one month later, but the loan documents were written with a 80% first at 6.75% and a 20% second at 12.99%. I didnt notice this until after the loan closed. When I contacted the mortgage broker asking for the correction to the loan he refused. he said he sent me a new gfe in the mail 7 days and covered it verbally before closing. this was untrue, I was never told about, received or signed different gfe's. Because of this error I will probably be paying about $72,000 more over the life of the loan. do I have any recourse against the mortgage broker? or the lender?