Asked by nachyaonline, Culver City, CA • Wed Sep 4, 2013
We are in escrow for 2 months, the lender has taken 6 weeks to complete their process. I had asked the lender to lock the interest rate 2 months ago but the lock expired after 45 days and I am now getting the current rate which is much higher. The loan was approved on Friday and the lender has told me that I have no other option but to go with the interest rate. Because of lender and loan officer mistakes I have already lost a month in escrow and now I have to pay higher payments every month. What are my options? Why should I pay more for their mistakes?
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