- Report: #808414
Report - Rebuttal - Arbitrate
Complaint Review: LoanDepot.com
LoanDepot.comFoothill Ranch, California United States of America
LoanDepot.com Loan Depot LLC, Loan Depot Bait and Swith *** Bad Business Practices Foothill Ranch, California
*Consumer Comment: Complaint bears no substance
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I applied online and then called in because I hadn't heard from anyone(1st concern). First off, I asked for the same thing I applied on line and then was offered 4.25% with $1595 and 2506 in additional fee's, which I turned down. Then someone from a different department called and offered 3.875% without the 1950 and $2506 in additional cost. I asked why the previous person quoted me higher and she stated "we offer people better pricing when the go through www.bankrate.com vs other ways even with the same fico and loan limits." I asked her isnt that wrong and she said that was they way we operate. I durned down the offer because they are to truthfull in advertising online or on the phone. I feel they are taking advantage of people by slam brokers but yet do the bait and switch when it comes to costs. Jease its like dealing with Quicken!
YOU CAN GO WITH THEM BUT YOUR PAYING $$$ THOUSANDS MORE compared to others for the same loan
This report was posted on Ripoff Report on 12/12/2011 05:59 PM and is a permanent record located here: http://www.ripoffreport.com/r/LoanDepotcom/Foothill-Ranch-California-92610/LoanDepotcom-Loan-Depot-LLC-Loan-Depot-Bait-and-Swith-Bad-Business-Practices-Foothil-808414. 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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