- Report: #872008
Report - Rebuttal - Arbitrate
Complaint Review: LSI Mortage Plus
LSI Mortage Plus11885 Lackland Road st. louis, Missouri United States of America
LSI Mortage Plus Lending Solutions Inc. Beware of hard pressure sales and unfulfilled promises - these guys are slick! st. louis, Missouri
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None of the scenarios James, the finance manager proposed to me seemed like good options but he was relentless in his attempts to get me to refinance. Long story short, i was pressured into a cash out refinance with the promise that i would only be in this loan for 4 months. The loan payment was over $400.00 more than my current payment and included PMI which i didn't have before. I told him i couldn't afford the higher monthly payment and he assured me that if i paid off my credit card debt with the cash out, my credit score would immediately go up and i would be able to do a streamline refi in 4 months at an even lower interest rate and eliminate the PMI. I should have walked when i couldn't get him to put this in writing, but i took his word for it (my bad).
Needless to say, when 4 months rolled around i was unable to get James to answer my calls or emails. I left messages with everyone, including the president of the company. When James finally emailed me back, his email was very accusatory and defensive ("I never told you that!")
Every dime i earn is now going towards this mortage, and i must consider it a lesson learned and move on. I would just like others to be aware of this company's unsavory business practices.
This report was posted on Ripoff Report on 04/22/2012 07:12 AM and is a permanent record located here: http://www.ripoffreport.com/r/LSI-Mortage-Plus/st-louis-Missouri-63146/LSI-Mortage-Plus-Lending-Solutions-Inc-Beware-of-hard-pressure-sales-and-unfulfilled-prom-872008. 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.
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