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Report: #943011

Complaint Review: purpose funding mortgage - Internet

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  • Reported By: kbhudson — lake elsinore California United States of America
  • Author Not Confirmed What's this?
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  • purpose funding mortgage Internet United States of America

purpose funding mortgage using promise of low interest to lure in customers Internet

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Purpose funding sent out a flyer stating I was guarenteed 3.5% interest on a streamline home loan and I would lower my payment by almost 300 dollars.

They said I might be able to skip one payment if the loan closed fast enough so we of course had to hurry...they (being a man on the phone named chris ulmer) said I would have to pay about 4 to 6 hundred dollars for taxes and interest but it was to be during the month I would be saving lots of money skipping one mortage payment cuz the new payment would not be due yet....what actually happen was " oh sorry sir we can't give u 3.5% oops our mistake"...then another call that said "o darn we were wrong. You'll have to pay a little more than 4 to 6 hundred the month u are between lenders...ya now we need u to pay 1800 dollars"...well that is more than my mortgage payment to Wellsfargo right now...so that's when I told chris at purposefunding to go fly a kite...I'm calling wellsfargo to make sure I haven't screwed up my rather fair mort loan with them...yes I checked with wellsfargo and another company but both could only save such a small amount of money in their stremlining loans that it hardly made it worth the trouble to do...but I shoulda known better...if it sounds too good to be true it usually is

This report was posted on Ripoff Report on 09/18/2012 12:06 PM and is a permanent record located here: https://www.ripoffreport.com/reports/purpose-funding-mortgage/internet/purpose-funding-mortgage-using-promise-of-low-interest-to-lure-in-customers-internet-943011. 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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