- Report: #684646
Report - Rebuttal - Arbitrate
Complaint Review: WWW.MortgageProfessor.com - Amerisave
WWW.MortgageProfessor.com - AmerisaveInternet United States of America
MortgageProfessor.com - Amerisave He has 2 other names. Deceptive Mortgage Advertising and a Bought and Paid for "Award" to mislead clients --"Up Front Mortgage Broker" Internet
*UPDATE EX-employee responds: Former employee...
*General Comment: not a fair indictment
A business' first
line of defense
on the Internet.
If your business is
willing to make a
Click here now..
The first 2 words in the caption above are 1. Rates, and 2. Points. How much are they charging? I would assume that an Up Front Mortgage Broker would let you know their fees Up Front.
Then when you look at Amerisaves rates as posted on BankRate.com as of 1/20/11 their FHA 30 year fixed rate is 4.25 with an APR or Annual Percentage Rate of 4.806. What most people dont understand is that APR is much higher because it is calculated based on the true amount of money a consumer is borrowing vs. the actual loan amount less the fees being charged. I know it can be confusing, and that's confusion it is what predators use to distract their prey. In this 1/20/11 example below the APR is more than a point higher than the rate. This means the consumer is being charged fees which are not disclosed Up Front.
The only thing Up Front about the Up Front Mortgage Broker Award is that the Mortgage Professor has a disclaimer stating he gets PAID by Amerisave.
This report was posted on Ripoff Report on 01/20/2011 07:41 AM and is a permanent record located here: http://www.ripoffreport.com/r/WWWMortgageProfessorcom-Amerisave/internet/MortgageProfessorcom-Amerisave-He-has-2-other-names-Deceptive-Mortgage-Advertising-an-684646. 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.
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
- Keep the name short & simple, and try different variations of the name.
- Do not include ".com", "S", "Inc.", "Corp", or "LLC" at the end of the Company name.
- Use only the first/main part of a name to get best results.
- Only search one name at a time if Company has many AKA's.
Advertisers above have met our
strict standards for business conduct.