Metamerica Mortgage Company HIGH RATES AND EQUITY STRIPPING Heathrow, Florida

1st I found out that the loan officer is getting paid off the discount point.  Metamerica is the "lender" so they get paid off the 1% discount.  I also found out that the president, Roger Slaalien, increases the rates.  Apparently when you are the "lender" you get what is called "a line of credit".  Well the REAL lenders, Bank of America, Wells Fargo, GMAC, etc.. offer these lines to crooks like Roger Slaalien and Metamerica at 4.5%.  So I found out that when the loan officer sold me at 5.5% with 1% origination and 1% discount, they're  putting that 2% in their pocket.  They are not offering the true rate what I or anyone qualify for.  So good ol' Roger Slaalien is making the 2% off me as well as another 2.5% off the difference from what Metamerica sold me at to what they sold my loan at.

 

Obviously this pissed me off when I found out how it works.  Why go to Metamerica when I could have went to the real lender.  Have you heard of a lender vs a broker??  Well these guys are the brokers!!!  Stay far away!!! 

 

Another thing I found out.  There is a new law called the HVCC (Home Valuation Code of Conduct)  Well apparently when an appraisal is done now it has to go through an appraisal management company.  The management company then chooses the appraiser to do the home appraisal.  I've learned Metamerica have it set up to where they constantly use the same appraisers.  HMMMM!!!  Is that legal?  How can they use the same appraiser for every loan and still comply by the HVCC?  The reason why they're doing it is so they can get the maximum value for your home and strip your equity right from under you.  All while charging a much higher rate then what you qualify for. 

 

If you are reading this now.  Run, don't walk, RUN to a real lender... stay away from these crooks.  Have you seen the movie Boiler Room??  Watch it, this is what you'll be dealing with when you do business with Metamerica Mortgage and Roger Slaalien.