On 1/10/2011 I was finally contacted by HSOA and was told that I had the final approval, But that my rate of 3.5% was no longer available. They are offering me a 4% rate but that is not the agreement in the contract,3.5% is very specific in all of the documents. HSOA has explained that my payment would increase by about 58 dollars a month, and that this is still a good deal. Now 58 dollars a month multiplied over 15 years is 8,352 dollars not to mention all the interest charges.

This whole mortgage process, with these banks involved, is a RIPOFF and a disgrace.

Do I just have to take it or leave it?