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Updated over 2 years ago,

User Stats

39
Posts
14
Votes
Colette Major
  • Rental Property Investor
  • Chicago, IL
14
Votes |
39
Posts

FORCED TO BUY POINTS

Colette Major
  • Rental Property Investor
  • Chicago, IL
Posted

This is my fourth loan with this lender, one week from closing, my LOAN ESTIMATE includes a $5,500 fee for a 6. percent on a  loan of 308,000 1.804% of loan amount. (this is up from 5.77 on 4/6 no points)

He says "if you want the loan, you must pay this. Higher interest rates are not available".... What remedy do I have?

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