Report: #298300

Complaint Review: NEW CENTURY MORTGAGE COMPANY

  • Submitted: Tue, January 08, 2008
  • Updated: Tue, January 22, 2008
  • Reported By: Sebastian Florida
  • NEW CENTURY MORTGAGE COMPANY
    www.newcenturymortgage.com
    Nationwide
    U.S.A.

Show customers why they should trust your business over your competitors...

When I applied for a refinance loan I was told I was getting a 30 year fixed mortgage over the phone. They sent me a good faith estimate email that I could never get open and when I told them I could not get it open they said it would all be explained at the closing. At the closing the loan ended up being a 2 year ARM at 7.65% and a 40 year pay back. I was in the middle of a Bankruptcy at the time and really needed the cash out so I signed the papers. The closing cost also was thousands more than I was told they would be.

Paul
Sebastian, Florida
U.S.A.
Is this Ripoff Report About you?
Ripoff Report A business' first line of defense on the Internet.
If your business is willing to make a commitment to customer satisfaction Click here now..

Does your business have a bad reputation? Fix it the right way. Corporate Advocacy Program™

Set the record straight: Arbitration Program

SEO Reputation Management at its best!

This report was posted on Ripoff Report on 01/08/2008 11:30 PM and is a permanent record located here: http://www.ripoffreport.com/reports/new-century-mortgage-company/nationwide/new-century-mortgage-company-misleading-mortgage-information-on-closing-paperwork-irving-c-298300. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Report & Rebuttal
Respond to this report!
Also a victim?
Repair Your Reputation!

Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
4Consumer
0Employee/Owner

#1 Consumer Comment

Not the lender's fault

AUTHOR: Sportluva - (U.S.A.)

You signed the papers, now it's your problem - not the lenders. This is not a rip-off, you had the right to walk away... next time try saving for a rainy day so you're not "forced" to take a loan that is risky.
Respond to this report!

#2 Consumer Comment

Not the lender's fault

AUTHOR: Sportluva - (U.S.A.)

You signed the papers, now it's your problem - not the lenders. This is not a rip-off, you had the right to walk away... next time try saving for a rainy day so you're not "forced" to take a loan that is risky.
Respond to this report!

#3 Consumer Comment

Not the lender's fault

AUTHOR: Sportluva - (U.S.A.)

You signed the papers, now it's your problem - not the lenders. This is not a rip-off, you had the right to walk away... next time try saving for a rainy day so you're not "forced" to take a loan that is risky.
Respond to this report!

#4 Consumer Comment

Not the lender's fault

AUTHOR: Sportluva - (U.S.A.)

You signed the papers, now it's your problem - not the lenders. This is not a rip-off, you had the right to walk away... next time try saving for a rainy day so you're not "forced" to take a loan that is risky.
Respond to this report!
Ripoff Report Recommends
ZipBooks Accounting Software

Advertisers above have met our
strict standards for business conduct.