Mortgage company attempting to change interest rate after closing

[va-tipsy]

What is the name of your state?

Colorado

I closed on a apartment in Boulder, CO on May 2nd. Earlier today (May 11th), I was contacted by my mortgage broker stating that the interest rate on my mortgage wasn't the one that should have been listed on the closing documents. They are now attempting to have me sign documentation that would raise the interest rate by 0.5%.

I never signed any sort of documentation locking in a specific rate. I was given a rate quote verbally over the phone. Given that the closing has already taken place, can the mortgage company now attempt to change the rate? Would a rate change fall under the category of the "Errors and Omissions/Compliance Agreement" that was signed? All HUD, truth-in-lending, amorization schedule, and promisory note indicate the lower rate.

Any guidance that can be provided would be greatly appreciated.

 

[HUD-1]

I think you have an excellent case if the TIL and the Note match at the lower rate. They would have no basis to increase it if this is the case. They would need you to sign a new TIL as well as a new Note. Why would any borrower agree to that? I have seen errors where the TIL and other documents were correct, but there was a clerical error on the Note.