Ameriquest ripoff is a ripoff company Los Angeles California

a couple of years ago, we refinanced our mortgage through Ameriquest. WHAT A BIG MISTAKE!!!! I was told on the phone that the loan would be a fixed rate then when I went to sign papers,it was a variable rate. We had a stable rate for 2 years then it says in the contract that it can't go up more than 1 percent at one time,it went up 1.35% I contacted Ameriquest they stated that the first change it can go up more than 1 percent.

Then somehow my house insurance went up and I ended up with a shortage somehow in my escrow account. In the past 2 months, my payment has went from $867.00 to $1,112.00/month. The initial appraisal was also inflated per the person who was working on the loan. We were also supposed to get some money back at closing, we got some back but not all of it.

Lucinda
spring hill, Florida
U.S.A.