The Chase Bank is really ripping off Borrowers. They APPROVED YOUR LOAN then when all the the papers is all correct and in order and everything was verified on your credit report and your co-borrowers credit report and appraisal is excellent. We have enough income and assets to get this loan then they will decline it after you gave them your application fee.
I went to this website:
I see to it if I am eligible to apply to this Obama's financial Stability Program and here it is:
You may be eligible if:
1.) You are the owner occupant of a one to four unit home.
2.) The loan on your property is owned or securitized by Fannie Mae or Freddie Mac
3.) At the time you apply, you are current on your mortgage payments (current means that you haven't been more than 30-days late on your mortgage payment in the last 12 months or, if you have had the loan for less than 12 months, you have never missed a payment),
4.) You believe that the amount you owe on your first mortgage is about the same or slightly less than the current value of your house,
5.)You have income sufficient to support the new mortgage payments, and
6.)The refinance improves the long term affordability or stability of your loan.
And I saw this
I have read a lot on this website especially the $750 application fee Rip off by Chase Bank. Is the Chase BAnk only wants to get some money from borrowers from this application fee. Do they want to loose all their good reputaion because of this fee. The Chase Bank supposed to see to it if the loan will be paid every month, if the owner will live in that property for a long period of time and if the borrowers has a good job. I have been with WAMU for more than 10 years but hey, they do not even think your a valued customers, business is business...
I need to look for another Bank or Lender to do my business.
Just a Warning to all borrowers...
Mountlake Terrace, Washington