• Report: #353737

Complaint Review: Ameriquest Mortgage

Featured Ripoff Reports

Past Featured Reports

Ripoff Report Corporate Advocacy Program
Help support Ripoff Report. Donate today.
Ripoff Reports Legal Ads

Ripoff Report Legal Directory

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Monday, July 21, 2008
  • Last Posting: Monday, August 04, 2008
  • Reported By: — MODESTO California
Ameriquest Mortgage
ameriquest.com California U.S.A.

Ameriquest Mortgage lied to us California


1Author 0Consumer 1Employee/Owner

Respond to this Report

  • Respond to this report!
    What's this?
  • Also a victim?
    What's this?
  • Arbitrate
    Set The Record Straight!
  • Repair Your Reputation
    ...the right way!
    Corporate Advocacy Program
My wife & I had a 30 year 8% fixed to start. Ameriquest said they could give us a better deal. After promises of "A" paper & lower interest, we accepted. They guarenteed approval, We spent some money,Then they showed up with a Subprime contract.

We said No, & Tried to Recover some money we spent to soon based on what we were promised. They then lied to us about our credit scores & said this is good for now & if you have no lates for 6 months, we will rewrite with no loan fees, fixed, with same interest rates. Our copy said 2 year fixed with no pre-payment penalty.

I thought no problem, lets get it over with & refinance when rates are good with someone else. 14 months later we refinanced with someone else, Finding out after signing, Ameriquest had there copy with a pre-payment penalty & took several thousand extra in payoff. The new lender also said your credit is good except for you coming out of a subprime loan cost more points.

Its my opinion, "Ameriquest Mortgage" took advantage of us by lying, cheating & stealing. Using their business was a financial mistake we will never recover from.

Greg
MODESTO, California
U.S.A.

This report was posted on Ripoff Report on 7/21/2008 12:59:11 PM and is a permanent record located here: http://www.ripoffreport.com/mortgage-companies/ameriquest-mortgage/ameriquest-mortgage-lied-to-us-x55a2.htm.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Ameriquest Mortgage

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Arbitrate
Remove Reports?
No! Better yet! Arbitrate to set the record straight!
REBUTTALS & REPLIES:
1Author 0Consumer 1Employee/Owner
Updates & Rebuttals

#1 Ex-Employee

Read before you sign......

AUTHOR: Mike D - Anniston (U.S.A.)

SUBMITTED: Monday, August 04, 2008

In all states there is a recission period. This "cool off" period allows homeowner's to carefully read the loan documents and get another opinion by either an attorney or another lender. The point is read and do some research before you just sign and trust blindly. On a side note: the current lender you spoke of lied to you as well. It cost no more "points" to come from a sub-prime loan to a conv. mortgage than it does for any other refi. The extra points your lender spoke of go straight to his pocket. A point is simply 1% of your loan amount, and he gets a cut of that as commission. Morale of the story find out what your signing and do your own research......
Respond to this report!
What's this?
Ripoff Report Verified Safe

Advertisers above have met our
strict standards for business conduct.

Ripoff Report Legal Directory