North American Savings Bank NASB Scams, Overcharges, Mistreats Customers, Balloons Mortgages, Finds ways to keep you indebted to them Grandview, Missouri

Thanks Robert  from "Irvine" for responding to my true statement. 

Too bad you did not remain true to your mission to protect the company that you work for Robert.  You are a loan consultant for NASB in KANSAS.  Why didn't you just say you were representing the company. 

This in itself just proves how your company North American Savings Bank operates.  At the time I had A+ credit until your company started ballooning my rate.  I'm sure you nor your company will not take responsibility for your actions.  You will be just like Wells Fargo and Bank of America.  I await your response.  Until then have a wonderful day.

There is no Ripoff here, other than the possible RipOff of the lender approving you for a Mortgage when you either didn't havegood enough credit, or probably could not have afforded it.

You were proabably approved for an ARM(Adjustable Rate Mortgage). These loans have a "Fixed" rate for the first portion of the loan, in your caseit sounds like2 years. Then they "Adjust", usually up, and you make higher payments. These loans offer lower rates in the beginning and are best for people who know that they will be out of that house before it adjusts. But many lenders used them to get people approved for a Mortgage that couldn't get approved for slightly higher "Fixed" rate loans.

Your Mortgage is due on the 1st, most lenders give you a "grace" period where they do not assess any late fees until the 15th. But that is a firm date, so if they RECEIVE it after that date you will be assessed late fees. The date on any letter, postmark, or check/money order means NOTHING. You could date it on the 1st of the month, but if they don't get it until the 16th it is still late.