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mortgage refinance pain and misery
May. 26th, 2009 06:45 pmFinally heard from the bank where we're doing our refinance.
The bank manager who took the application (5 weeks ago) called to follow up. "Follow up? On what?" Apparently the appraisal (which was done 4 weeks aqo) came in many thousands less than expected, so we have a choice of refinancing a lesser amount or paying PMI. What had we chosen?
I explained that this is the first we had heard of this, that the loan officer had not called us nor e-mailed us nor sent us smoke signals. I asked how much the PMI would be, and said I'd call back after talking to![[livejournal.com profile]](https://www.dreamwidth.org/img/external/lj-userinfo.gif)
blueeowyn. I called back 10 minutes later, and the banker is still waiting on a call back from the loan officer. She'll have the loan officer call or e-mail me at work. Well, it's 6:50 pm, no phone call, no e-mail. They need a decision from me before the loan can go forward. They need a decision NOW. But they won't contact me with a simple piece of needed information.
The bank manager who took the application (5 weeks ago) called to follow up. "Follow up? On what?" Apparently the appraisal (which was done 4 weeks aqo) came in many thousands less than expected, so we have a choice of refinancing a lesser amount or paying PMI. What had we chosen?
I explained that this is the first we had heard of this, that the loan officer had not called us nor e-mailed us nor sent us smoke signals. I asked how much the PMI would be, and said I'd call back after talking to
blueeowyn. I called back 10 minutes later, and the banker is still waiting on a call back from the loan officer. She'll have the loan officer call or e-mail me at work. Well, it's 6:50 pm, no phone call, no e-mail. They need a decision from me before the loan can go forward. They need a decision NOW. But they won't contact me with a simple piece of needed information.
