So our loan company really messed up our FHA loan. They thought it was 90 days instead of 72 days. Now they want us to refinance and do a whole new closing. We’ve been emailing a lot with higher-ups, including the CEO, and asked if keeping our current loan would affect our future relationship since I plan to refinance later. The CEO replied that they welcome our business but if we decide to do nothing, it would cost them a lot of money. IDK what to do here… anyone have thoughts?
You can totally refinance with any lender, so don’t feel pressured to stick with them. It’s their mistake, not yours.
Haven said:
You can totally refinance with any lender, so don’t feel pressured to stick with them. It’s their mistake, not yours.
Exactly, you shouldn’t have to pay for their mistake. Just move on.
They’re basically saying if you don’t help them fix their screw-up, they won’t do business with you again. That’s kinda funny.
Flint said:
They’re basically saying if you don’t help them fix their screw-up, they won’t do business with you again. That’s kinda funny.
Right? Like, why would you want to work with them again after this? Just let them deal with their own mistake.
I wouldn’t refinance with them at all. They made a big mistake and it sounds like they want you to cover their costs. Just wait until you can refinance elsewhere.
Fallon said:
I wouldn’t refinance with them at all. They made a big mistake and it sounds like they want you to cover their costs. Just wait until you can refinance elsewhere.
For real, just move on. You can find a better lender who won’t mess with you like this.
They’re saying they’ll eat interest for January, but you’re still gonna pay for the refinance, right? Doesn’t sound great.
Parker said:
They’re saying they’ll eat interest for January, but you’re still gonna pay for the refinance, right? Doesn’t sound great.
Yeah, I wouldn’t trust them to not hit you with hidden fees later. Just walk away.
A lawyer might be a good idea, especially since they seem to be trying to strong-arm you into a refinance.
Jefferson said:
A lawyer might be a good idea, especially since they seem to be trying to strong-arm you into a refinance.
What do you mean by strong-arm? Like, are they legally able to do that?
@Cameron
Yeah, they can try to pressure you, but you have rights too. Just be careful.