Legal Question in Banking Law in California
I took out 30 years fixed mortgage on my home. During the process 4.125% that I had locked and have it in writing became 4.75%. The reason for this change is that financing institution had to many application to process. The difference in my monthly payment$100. Times 12 month it becomes $1200 and x 30 years makes it $36000. Can I take them to court for this ?
Thank you
Asked on 2/08/11, 1:18 pm
1 Answer from Attorneys
You should have taken this up before you closed on the loan. They now have an argument that you waived it.
Answered on 2/09/11, 12:57 pm
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