It appears I may have hit a tiny bump in the road. My loan officer called me Sunday to lock in a rate...it turned out to be 6.5% 30 year fixed...I agreed to pay about $350 in points. Then today I recieved about 10 pages of paperwork to sign and find out they have typed in a rate of 6.875. I'm guessing this was based on a good faith estimate she gave me about 3 weeks ago when I was getting estimates from several companies. Again, she called me just 2 days ago to lock it in. Granted, it was over the phone so nothing was signed. Oh, and she also informed me at the time that she would be out of town Wed-Fri. Of course my closing is Monday 5/13. I've paged her tonight and have not received a return call. I plan on calling the office tomorrow in the hopes of getting something straightened out. I just hope I'm not getting in a mess here at the last minute. Any thought?? os
Just because she handled it doesn't mean someone in the mortgage office can't help you out. I wouldn't sign anything until the rate is adjusted though.
Thanks Jeff. I just left a message with someone else at the office with instructions to call me first thing in the morning. The woman I'm dealing with is out of town and left the numbers of others in her office on her voicemail. I shoulda figured things were going too smooth at this point. os
