Refinancing disaster – mortgage consultants please help???

Question by nikki22: Refinancing disaster – mortgage consultants please help???
I recently purchased my first home in February (in Mass) and at that time the lender told me that he would refinance me in 6 months to a lower rate on certain conditions, in which I have his promise in writing. I have recently contacted him to begin the refinancing process, in which I have met all the lenders conditions/criteria, and he is now telling me he can’t do it. Can someone please help me as to what step I can take next. I have contacted the supervisor of the consultant who wrote the loan and the original consultant and his supervisor are now giving me the run around. Can I report them to a investigation bureau? After all, I have their promise to refinance in writing………

Best answer:

Answer by Styll
(Maine) shop around…try sticking with something reputable like a credit union/bank… i see Credit unions tend to be lower… anyway you could go see an attorney but not sure what the upside would be…allot of money and hassle later you might be proved right…but that wouldn’t change your rate…anyway shop around…there are still good brokers/deals to be had…try asking someone you know who’s notoriously frugal where they’d go…

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209 Gifford St Springfield MA , Flip this House

Hampden Homebuyers newest project is a full renovation of this cape style home located at 209 Gifford St in Springfield MA. This property is in extremely poor condition and probably should have been condemned by the city. We will be completely gutting the property and adding all new mechanicals, new siding, new roof, new windows, new kitchen, new bathrooms and new flooring. In addition to the renovation we will be adding a full dormer to the second floor allowing for the addition of two large bedrooms and a full bath.
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Q&A: What are the advantages of using a realtor to buy a house?

Question by bdizzy: What are the advantages of using a realtor to buy a house?
While searching for a house,is it really best to use a realtor?Could it be just as easy to contact the selling agent and eliminate one more person that is looking to make some cash on the sale?We were real interested in buying a house,but we are unsure if we got played around with.The agent selling the house and the realtor we were using are from the same company.We were told that the bank would have to approve of any offer,and that the bank would not budge more than 0 on the price of the house.What makes it even more interesting,the bank did not own the property,it had not been foreclosed on.The house had been on the market for almost a full year.RIght after we said we were interested,all of the sudden,offers “started streaming” in on the house.We looked at it again,wanted to make an offer,and the realtor said it was to low, that the bank had not accepted an offer 00 to 00 lower than the asking price. Not a week later, the house was off the market. Were we toyed with?

Best answer:

Answer by me45404
If just to make sure you are following all the laws associated with real estate these days , its worth it. My brother almost went to jail selling his house on his own, how hard can it be , he said. He found out.

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