Aegis Lending Corporation ripoff East Hartford Connecticut

Aegis Lending buys all the their leads from lowermybills.com at $50 each which sucks people in with adds that promise an incredibly low interest rates and is on all the major websites.

Aegis trains people how to sell mortgages by convincing customers the incredibly high points they charge is good because it lowers your taxes and interest rate, which is ridiculous.

Whatever you do BE VERY CAREFUL ABOUT TAKING A LOAN FROM AEGIS AND BEWARE OF LOWERMYBILLS.COM

This is to inform any persons or persons reading the orginal complaint posted by me, that Aegis has stepped up to the plate and corrected the problem.

After working my way up the chain of command I reached a gentalmen named Mike Redding. Mike worked with me in resoloving the issue. We reached an agreement, and as of this date, I no longer have any complaints or problems with Aegis.

Aegis admitted it was a mistake and took steps to make sure this is not repeated. All the people at Aegis I spoke to, responded in a very professial manor and worked with me in reaching an agreement.

Hi Curtis....... I am sorry you had the ill-fourtune to have dealings with this company.
I filed my own report on them here last year, I am sure you have already read it.

My once good credit is ruined, (no fault of mine)they charged me over $10,000 in closing costs, which, now I find out is unheard of. I have a 30 day late on my credit report,(they told me not to pay my mortgage payment) that has made interest on my few credit cards sky-rocket and my car insurance company can not re-new us at a better rate. We worked very hard to establish the credit we had before dealing with these rip-off artists, and now it is down the drain.
They promised to send me a letter of explanation, and after calling them a dozen times, I finally gave up.

Luckily, they have since sold my mortgage, thank God for small favors!

I have told everyone who will listen about Aegis lending, and what they did to us, and will continue to do so..I wish you luck, you have a long road ahead of you.

Of course Aegis should fix the mistake, I was asking you if they should PAY the $60,000 in dispute.

You better find out fast if this loan is unwinding. Was your August 1 payment(s) supposed to be part of the payoff? If so, I'll bet money that they have not been paid.

If this is the case, send in your Right to Rescind form. Send it by FAX to the title/escrow company that closed your loan because they are disbursing any fund. Also, send it directly to the Manager at the Aegis branch, and any other numbers that are indicated on the rescission form.

Make your August 1 payment immediately, be prepared to make your September 1 payment.

Unwind this loan yourself. Rescind. Regroup and try a different broker. Aegis is a sub-prime lender, so do you really need a sub-prime lender? Can you qualify for a prime type loan?

Why was there a $60,000 mistake. Is your appraisal not enough to cover the loans against the house now?

You need to speak with a competent broker ASAP.

Of course Aegis should fix the mistake, I was asking you if they should PAY the $60,000 in dispute.

You better find out fast if this loan is unwinding. Was your August 1 payment(s) supposed to be part of the payoff? If so, I'll bet money that they have not been paid.

If this is the case, send in your Right to Rescind form. Send it by FAX to the title/escrow company that closed your loan because they are disbursing any fund. Also, send it directly to the Manager at the Aegis branch, and any other numbers that are indicated on the rescission form.

Make your August 1 payment immediately, be prepared to make your September 1 payment.

Unwind this loan yourself. Rescind. Regroup and try a different broker. Aegis is a sub-prime lender, so do you really need a sub-prime lender? Can you qualify for a prime type loan?

Why was there a $60,000 mistake. Is your appraisal not enough to cover the loans against the house now?

You need to speak with a competent broker ASAP.

Of course Aegis should fix the mistake, I was asking you if they should PAY the $60,000 in dispute.

You better find out fast if this loan is unwinding. Was your August 1 payment(s) supposed to be part of the payoff? If so, I'll bet money that they have not been paid.

If this is the case, send in your Right to Rescind form. Send it by FAX to the title/escrow company that closed your loan because they are disbursing any fund. Also, send it directly to the Manager at the Aegis branch, and any other numbers that are indicated on the rescission form.

Make your August 1 payment immediately, be prepared to make your September 1 payment.

Unwind this loan yourself. Rescind. Regroup and try a different broker. Aegis is a sub-prime lender, so do you really need a sub-prime lender? Can you qualify for a prime type loan?

Why was there a $60,000 mistake. Is your appraisal not enough to cover the loans against the house now?

You need to speak with a competent broker ASAP.

Of course Aegis should fix the mistake, I was asking you if they should PAY the $60,000 in dispute.

You better find out fast if this loan is unwinding. Was your August 1 payment(s) supposed to be part of the payoff? If so, I'll bet money that they have not been paid.

If this is the case, send in your Right to Rescind form. Send it by FAX to the title/escrow company that closed your loan because they are disbursing any fund. Also, send it directly to the Manager at the Aegis branch, and any other numbers that are indicated on the rescission form.

Make your August 1 payment immediately, be prepared to make your September 1 payment.

Unwind this loan yourself. Rescind. Regroup and try a different broker. Aegis is a sub-prime lender, so do you really need a sub-prime lender? Can you qualify for a prime type loan?

Why was there a $60,000 mistake. Is your appraisal not enough to cover the loans against the house now?

You need to speak with a competent broker ASAP.

This is for the Gentleman that posted the response to my orginal posting. I was in error to the dates. The actual date of closing was 8/15/2006 and the return call came on 8/17/2006. As an add on to my post.

At the closing Aegis also indicated that an attorney would be present. He was to represent both parties in the closing. An individule was in fact present , but it turns out he was in fact not an attorney.

By misreprsenting this individual we were denied the choice of having an attorney present. Also with regards to my not seeing the difference in actual funds needed to close and the closing figures, when paying off loans early you expect a change in numbers.

Since I did not obtain the figures and Aegis did. I didn't question the amounts. Aegis had at thier disposal my both my wifes and my credit reports indicating the loan balance, they contacted the current lender requesting current payoff's, they sent it to underwritiing, processing and final approval checks. By law they are required to check the HUD1 for mistakes and errors.

Under the truth in lending you have a extend rigth to rescind (up to 3 years)if you can find 5% of the loan in error on the HUD1 and if in strick foreclouser can prevent this if the HUD1 contains only $35.00 in errors. So they had at least 3 shots to get it right. Its thier job to get it right.

This is what they do for a business!! Sometimes minor mistakes are made. This time the charged right in with both eyes closed. In response do I expect them to correct it. Yes!! they screwed up. Put my house in jeapordy and caused all manor of problems.

We close loans every month without having a final payoff demand, but we DO have a very close idea of what it should be on the date the loan will disburse. The p/o demand is in the possession of the escrow company before the loan funds however and the money is disbursed.

You stated you closed a refinance loan on August 25th. That is just 3 days ago. I thought you said it has been 2 weeks? FYI Closing = signing loan docs.

It sounds like your payoff demand came in WAY higher than Aegis was expecting. When you received your disclosures, the HUD-1 and when you were signing your loan docs, the amount expected to satisfy your old mortgage is right there in box 104 on the HUD. Did you not see that and wonder why the amount(s) were so low?

When they said they need $17,500.00 to close, did you do the math yourself? You knew what your mortgage balance(s) were didn't you?

If I was doing ANY type of financial transaction, and someone told me I needed to stroke a check for $17,500, I would do the math to be sure this is correct. Wouldn't you? Did you?

So let's take it a step further, are you telling me that Aegis should pay off YOUR old loan with their fund because someone made a mistake? Does that seem reasonable to you? Did you not question as the loan was proceeding, any of the calculations presented to you? AT ANY point in the process of exchanging paperwork with Aegis did you do the math and see that something was not adding up?

As far as mistakes are concerned, I have yet to see loans docs go out for signing that do not contain language requiring you (and the lender) to provide any requested additional documentation and to work together to resolve the mistakes. You say that they knew full well the amount to pay off. Maybe so, but it is pretty obvious that someone at Aegis made a mistake. Mistakes happen, but you have a duty to mitigate any such mistake by cooperating to help it get resolved.

Are you saying that you should PROFIT from this mistake?

One thing I can guarantee you, Aegis or ANY other lender is NOT going to take a $60,000 hit from a payoff demand coming in higher than was expected. Nor should they.