Report: #1387600

Complaint Review: Loan Depot - Nationwide

  • Submitted:
  • Updated:
  • Reported By: G Perry — Romeoville Illinois USA
  • Author Confirmed What's this?
  • Why?
  • Loan Depot Nationwide USA

Loan Depot, Adjuster's name, Gaylin Davis Fixed Rate 4.3 changed to Adjustable Rate that would go up to 8.25 Nationwide

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I was working with loanDepot on a Mortgage Refinance for my Home early July 2017 thru one of the loan officers named, Gaylin Davis, after sending him all my information that he need from me, Bank statments, Tax forms, etc, he assured me I would have a 4.3 Fixed rate Mortgage on my refinance. Gaylin calls me up the next day to tell me to resign a FHA page that I had previously  E signed so I tolded him to mail it to me. The next day it arrived in the Mail, thank God I read it fully to see that it was changed from all the figures of my Fixed Rate paper work that he had E mailed me to and Adustable Rate Mortgage 3.25 that after 6 years would go up to 8.25 and higher, which when Gaylin talked to me about signing this page he never mention that fact that it had changed from a Fixed Rate Mortgage to a Adjustable Rate Mortgage I would advise anyone trying to Refinance their Home not to use thes Scammers, Loan Depot. 

This report was posted on Ripoff Report on 07/23/2017 01:34 PM and is a permanent record located here: https://www.ripoffreport.com/reports/loan-depot/nationwide/loan-depot-adjusters-name-gaylin-davis-fixed-rate-43-changed-to-adjustable-rate-that-1387600. 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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