lowestloan Complaint - BAIT AND SWITCH
WARRENVILLE, ILLINOIS -- We signed a good faith estimate on 7-6-01 showing an origination fee of $1012.50 Lowestloan waited until the day of closing on 8-3-01 to switch the origination fee to $1414.00. We had paid $199 plus an appraisal fee of $305 before closing. We were told on the day of closing if we decided not to go forward with the loan we would also not be getting this $504 back.
To help keep me as a potential future customer, I would like the following:
We want $401.50 the difference in the first good faith estimate and the good faith estimate that was presented to us on the day of closing.
At the very least I would like a response from your company regarding this incident. Thank you for your time.