Should I change brokers 6 days before closing on a Va loan? Please help!!!!?

December 8th, 2009 | by admin |

Ok so long story short ….I am getting screwed by my broker he is charging me over 4000.00 more then origanial quoted and then he didn’t give me my GFE till 3 days ago a month & 10 days after I signed it. I was going with another lender at first who now that I can compare was going to give me a way better deal. My realestate agent says she will take care of it but if she cant I want to change lenders. How far would I go passed closing? I already have had a Va inspection but she said we may not be able to transfer it to a new lender if the inspector is not on there list? What is involved with transfering this close to closing? Please help!!!!
Ok so my broker broke respa not giving me the GFE within 3 days. So I wouldn’t have been able to review the costs and espcially so I couldn’t compare it to the one I had had from my another lender. It is a long story but if my Realestate agent doesn’t take care of it I want to change bokers/ lenders. I am asking how to do that and how bad it will mess everything up? F.Y.I. GFE is a good faith estatement
Also it will cost me 150.00 every day past the day of closing and the house is a forclosure and is owned by a bank not sure if that is important. Thanks for any help!

Tell the seller that you will release your entire earnest money today in return for a 15 day extension of the purchase contract. Then get your loan to a broker who won’t cheat you. Switch today..

  1. 4 Responses to “Should I change brokers 6 days before closing on a Va loan? Please help!!!!?”

  2. By estielmo on Dec 8, 2009 | Reply

    You are only getting screwed if that 4K was hidden from you. Why was the estimate so far off? What was the original BFE? You have the right to a full explanation.

    Don’t forget if you are able to cancel and change brokers the ENTIRE process re-starts from step one.
    References :

  3. By loanmasterone on Dec 8, 2009 | Reply

    There might be cost involved in changing mortgage brokers near the close of the process. The sellers would certainly want to close as soon as possible and made plans that might involve money that they might not be able to get out of.

    Negotiate with you lender about the additional fees and see what can be done. If nothing can be done you have to weigh the factors involved to see if this would be beneficial to you. Tell him this is a deal breaker and you are prepared to walk if things are not changed back to the original agreement and what the original GFE indicated the cost of the mortgage would be.

    If you simply want to get out of the transaction you could be legally sued and made to pay any inconvenience monetarily encountered by the sellers based on the time frame in which they were expecting this transaction to close.

    I hope this has been of some use to you good luck.

    "FIGHT ON:
    References :

  4. By Real Estate Guy on Dec 8, 2009 | Reply

    yes, the appraisal can be transferred. In fact, it’s on file with VA for 6 months.

    It will however, take 3-4 weeks to close a VA deal.

    Without knowing why it’s 4000 more, it’s hard to give you advise.
    References :

  5. By Ed Atun on Dec 8, 2009 | Reply

    Tell the seller that you will release your entire earnest money today in return for a 15 day extension of the purchase contract. Then get your loan to a broker who won’t cheat you. Switch today..
    References :

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