I am currently refinanced with SoFi at 4.85% variable for 15 years. I submitted an application with Commonbond that gave me a 3.6% variable rate for 15 years so I was going to make the switch.
The 3.6% seemed almost set through all of the steps except when I received an approval notice to sign the papers. I see that Commonbond raised my rate to 4.33% which is a huge difference from the 3.6% they quoted me. When I submitted documents of my existing SoFi refinanced loans, it showed my current rate. Do they look at this? I thought they try to give what is fair and not base on my current rate. It seems like a bait and switch because I would not have gone through all the trouble to get my documents and everything if all I could get is a 4.33. Any thoughts on how to get the quoted rate when I call tomorrow?
Disclaimer: By providing links to other sites, FatWallet.com does not guarantee, approve or endorse the information or products available at these sites, nor does a link indicate any association with or endorsement by the linked site to FatWallet.com.
Members of our community may attach files to a post in accordance with the User Agreement. FatWallet is not responsible for the content, accuracy, completeness or validity of any information contained in any attached file. Files have *not* been scanned for viruses. Be especially wary of Excel files which may contain malicious content.
Earn Cash Back while you shop - just 3 simple steps.
1. Sign Up so we know who to pay! (It's FREE.)
2. Shop through FatWallet for deals from your favorite stores. Your online purchases earn Cash Back that builds in your FatWallet account.
3. Get Paid by requesting a payment via check or PayPal.
FatWallet coupons help you save more when shopping online. Use our Coupons Search to browse coupons and offers from thousands of stores, gathered into one convenient location.
As part of our FatWallet Community, you can share deals with almost a million shoppers in our forums. Forum content is generated by consumers for consumers. Share deals, money-saving tips, and more. It's FREE, fun, and addicting.
Our customer experience team is here around the clock - real people ready to assist.