• Report: #306777

Complaint Review: ERA Mortgage ,Cendant

  • Submitted: Wed, February 06, 2008
  • Updated: Wed, February 06, 2008

  • Reported By:West Milton Pennsylvania
ERA Mortgage ,Cendant
PO Box 5452 Mt. Laurel, New Jersey U.S.A.

ERA Mortgage ,Cendant, PMI rates are extremely high / as well as escrow accounts. Mt. Laurel New Jersey

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

ERA Mortgage does not inform the homeowner of the PMI costs until closing. I am a single mother of two, and I was informed that PMI was my home insurance. So, I assumed it was homeowners insurance when I applied for my home loan. Later, you are told you must have this until you have the 20% equity in your home and are not given the opportunity to choose your own PMI rates. I pay over $1500 a year for PMI. My homeowners rates are not even half of that amount.

Its very sad with the ecomony right now and homes not increasing in value in depressed areas that you continually have to pay this outrageous rate. The fee could be put on the principal. Why are the rates so outrageously high.

West Milton, Pennsylvania

This report was posted on Ripoff Report on 02/06/2008 04:08 PM and is a permanent record located here: http://www.ripoffreport.com/r/ERA-Mortgage-Cendant/Mt-Laurel-New-Jersey-08054/ERA-Mortgage-Cendant-PMI-rates-are-extremely-high-as-well-as-escrow-accounts-Mt-Laur-306777. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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 ERA Mortgage ,Cendant

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?