When I was trying to get a mortgage, I only needed/wanted a small loan. The mortgage originator told me the bank didn't like to lend so little, so I was going to have to pay a higher interest rate, unless I took out a larger loan.
The deal fell through, but I'm wondering now if this was predatory?
Welcome guest, is this your first visit? Click the "Create Account" button now to join.
Results 1 to 15 of 25
Hybrid View
-
10-16-2008, 07:31 AM #1
Registered User
- Join Date
- Jun 2006
- Location
- Newport, RI
- Posts
- 3,821
Last edited by redrhodie; 10-16-2008 at 08:54 AM.
-
10-16-2008, 08:03 AM #2
Don't worry, be happy!
- Join Date
- Nov 2002
- Location
- the dry side
- Posts
- 4,365
Originally Posted by redrhodie
It's pretty standard. We wanted to refinnace the balance of our mortgage when it was less than $50K and we got the same story.
Reply With Quote
