We Think Our Lender Ripped Us Off

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Business, Investing

4.5 • 840 Ratings

🗓️ 6 September 2024

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	brought to you by the every dollar app start budgeting for free today um i need guidance i need to know
0:09.3	we got a loan on our home and it was they were not transparent about any of the peaks
0:17.0	what do you mean it's kind of hard in all the fees that were associated with the loan, the APR, the only thing we knew was
0:26.1	the interest rate.
0:27.8	We knew...
0:28.4	Well, that is the APR.
0:29.5	Why did you sign the documents if you didn't know what you were doing?
0:33.4	Well, when it came to closing...
0:36.2	Yeah.
0:37.2	I mean, so the lender was telling us all along that he would tell us the fees once we settled on the percentage that we were going to put down.
0:47.3	It was pretty cut and dry, Dave.
0:49.0	We wanted to walk away from our other home with $75,000, under 6%, and have a house note, 2,000 or under.
0:58.9	It was that simple.
1:00.6	But it didn't, it wasn't that simple.
1:02.6	When you went to the table and it wasn't that, why did you sign it?
1:07.4	We didn't know it wasn't that.
1:09.6	You didn't sign a mortgage paper that had a blank in it.
1:13.7	That's bull.
1:14.5	No, no.
1:15.4	No, didn't say that.
1:17.1	Yeah, you did.
1:18.6	Okay, but the loan is just in my husband's name.
	...

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