Complaint Review: ASC Mortgage Company - Baltimore Maryland
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- Author Confirmed
- ASC Mortgage Company PO Box 10328 Baltimore, Maryland U.S.A.
- Phone: 866-398-7568
- Web:
- Category: Mortgage Companies
ASC Mortgage Company I was turned down for the 5yrs arm freeze for a NO good reason, ASC is a rip off Baltimore Maryland
*Consumer Comment: It's not the president.
*Consumer Comment: Can't blame the lender
*Consumer Comment: About the "freeze."
*Consumer Comment: About the "freeze."
*Consumer Comment: About the "freeze."
*Consumer Comment: About the "freeze."
*Consumer Comment: take responsibility
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I called a week or so about the 5yr arm freeze mortgage rate from President Bush. I called ASC and the women looked over eveything and I did meet the qualifications. I called back again today and was told I will get written notice if I QUALIFY- I then questioned what if you decide I don't? Ashley told me we are not notifying those people who do NOT qualify- just those who do. I would not accept that so she broke down and told me I do NOT qualify because even though my rate changed effective 1/1/08 (one of the qualifications ) my rate actually changed 12/07- I said "what" my rate was the same in 12/07- and changed 1/08- ashley continued to argue that that is not the way it works.---so I feel ASC tried to find and is trying to find any reason not to accept the Presidents 5yr arm freeze of mortgage rates.
ASC IS A RIP OFF
Renee trautwein
Berlin, New Jersey
U.S.A.
This report was posted on Ripoff Report on 01/15/2008 07:34 AM and is a permanent record located here: https://www.ripoffreport.com/reports/asc-mortgage-company/baltimore-maryland/asc-mortgage-company-i-was-turned-down-for-the-5yrs-arm-freeze-for-a-no-good-reason-asc-i-300138. 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
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#7 Consumer Comment
It's not the president.
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Tuesday, January 22, 2008
""I think it's ridiculous that President Bush authorized anything to bail out people who don't understand the basics of finances.""
It's CONGRESS that is considering this bail-out nonsense - particularly the Democrats - especially Hillary Clinton.
FYI, it is WALL STREET that wants a federal bailout and has been lobbying heavily for it.
#6 Consumer Comment
Can't blame the lender
AUTHOR: Sportluva - (U.S.A.)
SUBMITTED: Tuesday, January 22, 2008
The lender never forced you to choose an ARM (aka Adjustable Rate Mortgage) rather than a fixed rate. Adjustable means IT WILL CHANGE and in turn your payments will change. I think it's ridiculous that President Bush authorized anything to bail out people who don't understand the basics of finances.
People need to stop blaming the lenders and blame their brokers for talking them into loans that are risky... if you didn't use a broker, then you can only blame yourself for buying something you couldn't afford.
#5 Consumer Comment
About the "freeze."
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Saturday, January 19, 2008
FYI, the ARM interest rate "freeze" is VOLUNTARY.
The President cannot order any lender to freeze interest rates.
I know this doesn't help you, but you should understand that the president has no power to order a lender to freeze interest rates.
What was announced in the media was a voluntary "freeze" by certain lenders if a certain criteria was met.
#4 Consumer Comment
About the "freeze."
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Saturday, January 19, 2008
FYI, the ARM interest rate "freeze" is VOLUNTARY.
The President cannot order any lender to freeze interest rates.
I know this doesn't help you, but you should understand that the president has no power to order a lender to freeze interest rates.
What was announced in the media was a voluntary "freeze" by certain lenders if a certain criteria was met.
#3 Consumer Comment
About the "freeze."
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Saturday, January 19, 2008
FYI, the ARM interest rate "freeze" is VOLUNTARY.
The President cannot order any lender to freeze interest rates.
I know this doesn't help you, but you should understand that the president has no power to order a lender to freeze interest rates.
What was announced in the media was a voluntary "freeze" by certain lenders if a certain criteria was met.
#2 Consumer Comment
About the "freeze."
AUTHOR: Robert - (U.S.A.)
SUBMITTED: Saturday, January 19, 2008
FYI, the ARM interest rate "freeze" is VOLUNTARY.
The President cannot order any lender to freeze interest rates.
I know this doesn't help you, but you should understand that the president has no power to order a lender to freeze interest rates.
What was announced in the media was a voluntary "freeze" by certain lenders if a certain criteria was met.
#1 Consumer Comment
take responsibility
AUTHOR: Mdbjtk - (U.S.A.)
SUBMITTED: Friday, January 18, 2008
you chose the arm for your mortgage and like so many others, its everyone's fault but your own i am not in the mortgage business and seen this coming 2 1/2 years ago it was obvious people getting into homes they could not afford from the beginning you made your bed now lie in it you made the wrong financial decision. i guess they need to have bail outs for people that lost money in the casinos and the lottery and we cant forget about people that lost money in the stock market. geez
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