one hundred thousand dollars tack on my loan?

rememberwin · Joined: 09 Sep 2008 Posts: 1 1.32 Dollars($)

my original loan was 125 thousand, by the time the mortgage companies shifted my loan around to several different mortgage companies it was one hundred thousand dollars more. Why?

adonis · Posted: Wed Sep 10, 2008 12:52 am Post subject:

Welcome Rememberwin,

Perhaps the lender/broker to whom your loan has been shifted, has inflated the appraisal and that's why I think the loan amount has come out to be much higher.

gmakerley · Posted: Wed Sep 10, 2008 6:57 am Post subject:

i feel pretty certain that nobody on the forum will have an answer that is quite correct. i would hope you've already asked that question of your loan officer. please elaborate on what's already transpired, because this situation truly makes no sense.

vegas_storms · Joined: 12 Sep 2008 Posts: 50 1.24 Dollars($)

Hi Remeberwin,
Either we're talking about some serious mortgage fraud OR you bought the house, it appreciated then you refinanced with cashout 1 or more times.

lisascherzer · Joined: 04 Jan 2008 Posts: 755 1.03 Dollars($)

Yes, definately consult an attorney.

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