We got ripped off by the associates. We, my husband and I had a new air condition installed in our home. The company that installed it used the Associates to finance it. It went thru we got the unit installed. A few days later I got a phone call from the Associates a guy named Jonathan. He asked if I would be interested in refinancing our home and get about 10 thousand dollars maybe more in equity. I told him that if we got a better deal then what we were paying we would go for it. I had read in the news paper that interest was at a low 7 percent. So I thought it could be possible. He also said we could close the deal in about 10 working days.
He called and stated that it was taking a little longer. Then he called again and said we might not get the 10,000 maybe a little less. At the time my husband told me and him to just leave it alone. He called again and said he got a real good deal we could pay the house in 15 years instead of 30 and the payment would go up just a little. I didn't think a big company like the associates would rip us off. wrong. We had been paying 550.00 A month with F. T mortgage and that included tax and insurance.
Johnnathon never told me the payment did not include tax and insurance. The bottom line is that our house payment went up to 750.00 no insurance no tax included. WE got no equity the equity we were supposed to get went to a life insurance he tricked Mike into signing, right down to the penny. I took the case to a lawyer and he said it was real estate fraud.