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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?

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call and complain. Could have repriced due to market rate change or similar. Can always refi again back to sofi with bonus or similar (first republic under 3%)

indebted said:   Any thoughts on how to get the quoted rate when I call tomorrow?Ummm, they are loaning you money.

xoneinax said:   
indebted said:   Any thoughts on how to get the quoted rate when I call tomorrow?
Ummm, they are loaning you money.

  What is your point?  



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